The website of real estate investment trust Hudson Pacific Properties has unveiled new renderings for 4th & Traction, an adaptive reuse project now underway in the Arts District. The development, named for its location at 4th Street and Traction Avenue, is repurposing the original West Coast headquarters of the Coca-Cola Company as a modern creative office complex. On the upper levels of the three-story structure, plans call for 130,000 square feet of leasable space featuring high ceilings and operable steel-frame windows. Its ground floor will activate pedestrian activity through approximately 25,000 square feet of of space for shops and restaurants. Additional features will include a rooftop penthouse and deck, as well as a new 300-car parking garage which is being build immediately west of the 101-year-old building. Completion of 4th & Traction is expected in early 2017. The building sits a short distance south of a $215-million mixed-use complex from Fairfield Residential and Legendary Development, which will create 472 residential units in a series of five- and six-story buildings.