Quantcast

The Real Deal Los Angeles

Onni plans 231-unit project on Santa Monica Boulevard

Developer is just the latest to eye Hollywood strip for mixed-use development
March 08, 2017 10:45AM

A rendering of 6901 Santa Monica Boulevard

Canadian developer Onni Group is planning a seven-story mixed use project on Santa Monica Boulevard, just west of Highland, Curbed reported.

The building, which would comprise 231 residential units plus 15,000 square feet of commercial space and 390 parking spaces, would replace a car storage business on the site, at 6901 Santa Monica Boulevard. Roschen Van Cleve Architects is designing the Hollywood project.

Of those 231 units, 15 would be set aside for very low-income households, according to an environmental impact report.

Onni is just the latest developer to eye opportunities on Santa Monica Boulevard. AvalonBay is planning a six-acre, 695-unit project just down the street, Curbed noted.

Onni has been on an acquisition tear over the past year. Last week, the company acquired a Glendale office building, at 611 N. Brand Boulevard, for $83 million, or $217 a square foot. [Curbed] — Katherine Clarke