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The Real Deal Los Angeles

Today in microfilings: Condos planned in Brentwood, hotel to rise in Venice… & more

Raymond Saviss wants to build a residential complex, while Erwin Sokol plans boutique hotel
By Cathaleen Chen | February 24, 2017 11:30AM

Erwin Sokol’s Hotel Ewrin on Pacific Avenue and the site at 505 South Barrington Avenue

Apparel maker-cum-developer Raymond Saviss is zoning in on Brentwood for his latest project.

He filed plans for a 39-unit condo complex at at 505 South Barrington Avenue in the neighborhood, according to city filings. The site is currently occupied by a 23-unit apartment complex built in 1958, property records show. Saviss purchased the property through an LLC for $13.1 million in May 2016.

Saviss is the also developer behind two multifamily projects in the works in Koreatown, The Real Deal reported last month, including a seven-story complex at 2859 Francis Avenue and a 48-unit property at 139 Occidental Boulevard.

The Barrington Avenue project wouldn’t be first foray into Brentwood. His debut project was the 45-unit Cosmopolitan BW complex just up the street at 441 Barrington.

In Venice, developer Erwin Sokol filed plans for a 16-key hotel with ground floor and rooftop restaurants. The project, slated to rise at 20 Windward Avenue, would require a zone and height limit change, according to city documents.

Sokol purchased the site, which houses a parking lot and a fast food venue, for $1.1 million in 2004 under the entity Venice Windward LLC, property records show. The developer also operates the nearby 119-room Hotel Erwin on Pacific Avenue.

Finally, plans were filed for a 43-unit affordable housing complex in Park Mesa Heights. Property records show the vacant quarter-acre site, at 6527 South Crenshaw Boulevard, is owned by the L.A. City and Housing Department.