LOS ANGELES—Canyon Realty nears completion of its $160 million, Michael-Maltzan-designed mixed-use development in Downtown Los Angeles. Named after its arts district address at One Santa Fe Ave., the 510,000-square-foot property has dining, retail and art space along with 350 market-rate units and 88 affordable-housing units. GlobeSt.com sat down with Canyon Realty president Jonathon Roth to talk about One Santa Fe and the developer's ongoing interest in California markets.

GlobeSt.com: Why was the downtown arts district an appealing location for this development?

Jonathan Roth: Canyon has been actively involved in Downtown Los Angeles for nearly two decades, having made significant investments in office, multifamily rental, condominium, land and mixed-use developments in that market. The arts district is a true live-work-play neighborhood with a strong existing resident and retail base, a low-density, vibrant architectural and arts scene, curated retail and urban authenticity that make it highly desirable. In fact, prior to One Santa Fe, Canyon invested 940 East Second Street—a condominium project located just two blocks away in the heart of the arts district.