DOWNTOWN LOS ANGELES — Seafood magnate Howard Klein was both host and guest of honor at a Thursday night Arts District BID meet and great held inside Klein's Factory Place complex.

While the night was a community event, it was also an unveiling for the complex's second phase, raw-ish live/work lofts fashioned out of buildings that formerly housed a DWP water meter factory.

The new units are designed to entice creative professionals. A final walk through by the City is expected shortly, said Klein, who added that "It's 99 percent ready."

For Klein, the units are the second stage of what must seem to be a lifetime project. The adjacent 1308 North Building was adapted for residents in 1982 and became known as the Sixth Street Lofts. The entire collection of former factories, now renamed the Factory Place Arts Complex, will include a third stage at 1300 North.

Butted up against 6th Street, gritty and glamorous industrial details highlight the 56 live/work units at 1330 East and 1330 West. The Event Complex, a 9,000 square-foot venue, got a test run as it hosted samples from Arts District restaurants and an art show curated by Edgar Varela. In one of two courtyards, within factory footprints under exposed beams, Art Share LA entertained attendees by the pool.

Guests included Councilwoman Jan Perry, who invited Klein to come do a project on her side of Alameda. Factory Place sits in Councilman Jose Huizar's 14th District.