APEC International plans apartment tower and senior complex in East Hollywood

Developer is planning to build two four-story buildings near the 101 Freeway

Jun.June 02, 2016 03:00 PM

Architectural and development firm APEC International is expanding its senior housing complex, Swansea Park, in East Hollywood.

The company is planning to build two residential buildings — a 54-unit apartment tower and a 76-unit senior housing apartment— according to environmental documents filed with the city. Both would have four stories.

The site of the multi-pronged development will be on two separate parcels, the first on the land bound by Kingsley Drive, Romaine Street and North Hobart Boulevard, and the second at 1000 North Hobart Boulevard.

The senior housing component would be an addition to APEC’s existing Swansea Park complex, which now operates as a 120-unit complex for seniors at 1013 North Kingsley Drive. Plans calls for the demolition of six structures, and the subsequent new building will have 98,225 square feet of floor area including parking space.

With both phases combined, Swansea Park would have a total of 196 units.

The apartment portion of the project is called Swansea Village. It involves the demolition of five buildings. Rising from the 1.8-acre lot, the apartment building would feature amenities such as a common area, lounge and library. Six of the 54 units will be reserved for low-income residents.

APEC purchased the first Swansea Park senior apartments building in 2008 for $21.5 million, according to CoStar. It’s unclear how much the firm paid for the properties involved in the latest development. The developer is currently in the process of securing funding for the redevelopment of the abandoned Hotel Fresno in DTLA.

APEC could not be immediately reached for comment.

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