Torkian Construction principal proposes 218-unit apartment complex in Westlake

Developer shelled out $6M for the land in 2015

TRD LOS ANGELES /
Jul.July 14, 2016 04:00 PM

Updated, 5:00 p.m., July 14: Steve Torkian of Torkian Construction is planning a 218-unit apartment complex in Westlake.

Torkian, through an LLC called Urban View Investments, acquired the one-plus-acre parcel of land bounded by Hartford Avenue, Witmer Street and 5th Street late last year.

The project calls for an eight-story, 174,082-square-foot building to rise in place of a few single-family residences that currently occupy the land.

Of the 200-some propose units, the developer promised 36 would be designated as affordable housing. Thirty-three of the 36 will be marked for “very low income” renters, a Torkian representative told The Real Deal.

While this is Urban View’s first development, Torkian has a few other projects in the works, including two condo buildings in North Hollywood.

The developer chose Westlake for the development because of its central location and the multitude of developments that have been proposed in the submarket, the Urban View representative said

Nearby in Echo Park, plans were recently filed for a 45-unit apartment building at 1301 West Sunset Boulevard, TRD reported earlier this week. And earlier this month, development firm Square One Homes also submitted to City Planning an environmental review for its proposed 40-unit, six-story apartment complex at the northeast corner of Colton and Douglas Streets.

Correction: An earlier version of this story stated Torkian had purchased the 0.8-acre property for $6 million. These numbers account for only one portion of the multi-lot property. 


Related Articles

arrow_forward_ios
The corner property on W. 6th Street in Westlake (Credit: Google Maps)

Elias Shokrian advances 100-unit Westlake project

Elias Shokrian advances 100-unit Westlake project
West Hollywood Community Housing Corporation CEO Jesse Slansky and Miramar Gold (Credit: 64North/Urbanize)

LA expedites first supportive housing project under new state law

LA expedites first supportive housing project under new state law
500-512 S. Union Avenue (Credit Google Maps and iStock)

TOC project with 85 units planned in Westlake

TOC project with 85 units planned in Westlake
930 S. Park View Street (Credit: Google Maps)

Chateau Group files for 65-unit complex in developing Westlake

Chateau Group files for 65-unit complex in developing Westlake
Dr. Jayasinghe and a rendering of the project (Credit: Metro via Curbed)

Metro rejects plastic surgeon’s 907-unit development in Westlake

Metro rejects plastic surgeon’s 907-unit development in Westlake
A map of Westlake (Credit: Google Maps and iStock)

Developers are digging into multifamily projects in Westlake

Developers are digging into multifamily projects in Westlake
LA City Councilmember Gil Cedillo and Jade Enterprises’ Sapphire development (credit: Scott L on Flickr)

Westlake abandoned its affordable housing requirements a decade ago. Things have changed

Westlake abandoned its affordable housing requirements a decade ago. Things have changed
Carlyle Group co-CEO Kewsong Lee, Holland Partner Group CEO Clyde Holland, and the Sofia Los Angeles (credit: North American Sekisui House, LLC)

Carlyle Group pays $273M for big apartment complex in Westlake

Carlyle Group pays $273M for big apartment complex in Westlake
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...