54,948 sq.ft. grocery-anchored retail located in downtown Los Angeles, CA. The property was acquired by MDC through co-investment with private clients in an off-market transaction. MDC provides investment and property management services for this asset.
Ralphs at Market Lofts is the ground floor retail portion of a residential mixed-use development known as Market Lofts located at the corner of 9th Street and Flower Street in downtown Los Angeles. The retail center is anchored by Ralphs Fresh Fare, the only full-service supermarket in downtown Los Angeles.
Surrounding the Ralph’s grocery store are other service oriented and quick service food tenants that provide convenient amenities to the high density of nearby residences. The property has an outstanding location and is located within walking distance to all entertainment, shopping attractions, Fashion Institutes and other nearby districts.
The location is further enhanced by its proximity to over 4,500 residential units, as well as to Staples Center, LA Live and numerous other entertainment and shopping facilities.