DOWNTOWN LOS ANGELES - The mammoth One Santa Fe in the Arts District has hit a milestone: Project officials last week announced that they have reached a “topping out,” or the end of vertical construction, for the development that will create 438 residential units and more than 78,000 square feet of retail space.

BE THE FIRST TO READ THE LATEST DOWNTOWN NEWS, FOOD AND CULTURE STORIES. CLICK HERE AND SIGN UP FOR OUR DAILY HEADLINES NEWSLETTER.

The project is known more for its length than its five-story height, as it extends from near First to Fourth streets opposite the campus of the Southern California Institute of Architecture. The development team for the $160 million project includes the McGregor Company, Polis Builders, Cowley Real Estate Partners and the Goldman Sachs Urban Investment group. It was initially proposed before the recession, but plans were halted during the economic downturn. Construction began in early 2012 after financing was secured from Canyon-Johnson Urban Fund Investments. Architect Michael Maltzan is handling designs and the builder is the Los Angeles-based Bernards. The project is slated to include 50,000 square feet of public outdoor space.

© Los Angeles Downtown News 2013