OverviewPressLinks Back to Press page Rite-Aid to Anchor Santee Court Development Publish Date: 04/06/2004 Rite Aid, one of America's leading drugstore chains, will open a new store at Santee Court, the largest adaptive reuse project currently under way in Downtown Los Angeles. The 12,000-square-foot location on the southeast corner of Los Angeles and 7th Streets is scdw heduled to open in mid-August, 2004. The Rite Aid will fill a critical need for thousands of residents and professionals in the Fashion District and demonstrate the commitment of major merchandisers to the rebirth of downtown Los Angeles as a vibrant living and work environment. The Grand Opening Gala of the Santee Court Development, Phase One is scheduled for May 21, 2004. This fashion, lifestyle grand opening event will be a celebration of this landmark development. Other national retail tenants have committed to Santee Court and will be announced soon. 'Rite Aid is proud to be expanding its existing presence in Downtown Los Angeles,'said Tracy L. Verastegui, Real Estate Director for Rite Aid. 'We believe Downtown Los Angeles is an increasingly vibrant market, and are thrilled to be a part of this dynamic new development.' Santee Court will transform nine historic industrial buildings in the heart of the Fashion District into a contemporary downtown neighborhood. The project will be developed in three phases. When complete, the project will include approximately 550 loft-style housing units and 100,000 square feet of ground floor retail. The urban setting, modern conveniences and historic charm of Santee Court will offer a refreshing alternative to suburban living. Phase One of Santee Court consists of 165 loft apartments for rent and 40,000 square feet of retail space. Initial occupancy is scheduled for May 1, 2004. A total of 64 loft-style condominiums ranging from 800 sq. ft. to penthouse town-homes of up to 2,500 sq. ft. will be available for sale by summer 2004. An additional 300 loft apartments will be available for occupancy in 2006. 'With our ground floor retail, our rooftop amenities and our elegantly landscaped pedestrian promenade, we are creating the ultimate mixed-use development in Downtown Los Angeles,'said Mark Weinstein, President of MJW Investments and developer of Santee Court. 'We are very pleased to welcome Rite Aid to the Santee Court family.' The Phase One apartments have begun leasing. Each unit features a full kitchen with state-of-the-art appliances and granite countertops, as well as large, open floor-plans with elaborate industrial windows. Residents will also have access to a rooftop pool, spa, basketball court, putting green, and garden. Rents will range from $1,300-$2,500. To schedule a tour of the property or for more information, please contact the leasing office at 213.623.8101 or go to www.santeecourt.com for floor plans and photos. The leasing office is open weekdays from 9 am to 5 pm or for Open House on Saturdays and Sundays, 10 am to 4 pm.