An Echo Park development that stalled after the last housing crisis is coming back to life.
Bond Companies, a Chicago-based real estate firm, is turning the site at 330 N. Union Avenue into a four-story, 69-unit apartment complex, Urbanize reported.
Bond announced its acquisition of the 27,611-square-foot site in late 2014. The project, which is slated to wrap up later this year, will join more than a handful of residential housing developments in the Echo Park neighborhood.
The new apartment building will front Belmont Avenue and Temple Street, with 1,100 square feet of restaurant space on the ground floor and two floors of parking, according to the firm’s website. PSL Architects is responsible for its wedge-shaped design.
The building is not Bond’s only L.A. project. The firm is also developing a 14-unit, multi-family apartment building at 409 South St. Andrews Place in Koreatown. [Urbanize] — Cathaleen Chen