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The Real Deal Los Angeles

Chinese motorcycle maker plans 304-unit tower in Westlake

Subsidiary of Lifan Group bought the 1-acre site for $19M last year
January 04, 2017 09:30AM

The Class C office at 1247 West 7th Street and an old rendering of the tower (Credit: Google Earth, Loopnet)

An LLC tied to Lifan Group, a Chinese car and motorcycle manufacturer, filed plans Tuesday to build a 304-unit mixed-use complex in Westlake, just west of the 110 Freeway.

The plans call for 5,700 square feet of ground-floor retail, a parking garage, and 34 units set aside for affordable housing as part of a density bonus request.

Renderings of the project first surfaced last February, Urbanize reported. They show a 28-story glass tower with an amenity deck that features a swimming pool and an outdoor lounge area.

Lifan bought the one-acre site at 1247 West 7th Street for $19 million, or $904 per square foot, in early 2016, records show. The site is currently occupied by a 21,000-square-foot Class C office building, according to CoStar. The property is currently entitled for a 33-story condo tower with nearly 200 units, according to prior marketing materials on Loopnet.

Lifan purchased the land for double its last sale price — $9.9 million in 2015. [Urbanize] — Cathaleen Chen