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

TRD LOS ANGELES /
Feb.February 24, 2017 11:30 AM
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.


Related Articles

arrow_forward_ios
From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio

LA Mayor Eric Garcetti

Down goes Measure EE: Property tax referendum routed at polls

CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh and 4750 Wilshire Boulevard (Credit: Google Maps)

CIM Group lists part of its Miracle Mile office campus

Arman Gabay and The Springs shopping center in Palm Springs, part of the 14-property portfolio

Charles Co. secures $215M refi for retail portfolio

Malibu Real Estate Investments principals Bedros Oruncakiel and Kirkor Suri

Malibu spec mansion lists amid softening luxury market

Joon Choi, principal at Harbor Associates, and 2400 Conejo Spectrum Street (Credit: Google Maps)

Harbor Associates leases up then sells off its Thousand Oaks office park

arrow_forward_ios