The Real Deal Los Angeles

Rick Selby wants to build 86 apartments on a Las Palmas parking lot

Developer heads R.W. Selby & Company
By Cathaleen Chen | October 10, 2016 05:30PM

The site between 1601 and 1647 North Las Palmas Avenue

The site between 1601 and 1647 North Las Palmas Avenue

Another parking lot may soon bite dust.

Rick Selby of R. W. Selby & Company has filed a request to build an 86-unit apartment complex on the corner of Las Palmas and Selma Avenues in Central Hollywood, according to city documents.

Selby purchased the parking lot at 1601 to 1647 North Las Palmas Avenue under the entity J&J Hollywood LLC. Through that entity, he began to acquire the three parcels that make up the lot in the 1990s, property records show.

Selby & Company, a Brentwood-based developer and management firm, oversees student housing and apartment complexes in Nevada as well as Southern California.

A representative of the company could not be reached for comment.

One block away, Koreatown landlord Jamison Services is gearing up to build a 224-unit complex at 1718 North Las Palmas Avenue, paying $23.3 million for the already-entitled site in August, The Real Deal reported.