Redwood-based Amidi Real Estate Group, a family-owned firm headed by brothers Rahim and Saeed Amidi, is planning a $20 million, 37-unit mixed-use development in Downtown’s Financial District.
Amidi has owned the 0.2-acre site, a small commercially-zoned parking lot at 1018 W. Ingraham Street, since 1998, according to Mehrdad Jafari, who works for Amidi’s construction arm. One floor would be set aside for commercial space, city documents show.
The developer is requesting a parking variance to allow for off-site parking for the project. The filing was first reported by Urbanize, which did not identify the developer.
Amidi is the firm behind a furnished rental complex at 1010 Wilshire Boulevard, which it built a decade ago, as well as the Hollywood Production Center facilities in Hollywood and Glendale.
The project is across the 110 freeway from FIGat7th, the Downtown shopping center and food court. It’s also just blocks from Japanese developer Mitsui Fudosan’s planned 40-story, 409-unit tower at 754 South Hope Street.