Developer Fred Afari plans apartment building near Echo Park Lake

Los Angeles /
May.May 10, 2017 04:00 PM

An entity attached to developer Fred Afari is planning an 11-unit apartment building on an empty piece of land in Echo Park, plans filed with the city this week show.

The four-story building directly across from Echo Park Lake at 1601 Park Avenue would span just over 12,400 square feet and would include 16 parking spaces, the Eastsider reported.

In 2015, Afari picked up the plot of land when he paid $18 million for the International Church of the Foursquare Gospel’s 15-property Echo Park portfolio, the Los Angeles Business Journal reported at the time.

The portfolio included nine multifamily properties, two single-family homes, three land parcels and one warehouse building, all in proximity to Echo Park Lake.

The land where the proposed new building would rise was previously the site of a 1920s building that collapsed in 2000, killing one person and injuring 35 more.

Last week, Council member Mitch O’Farrell submitted motions to discourage “dense” development in Echo Park and Silver Lake, both neighborhoods in his district. [Eastsider]Miriam Hall


Related Articles

arrow_forward_ios
Deborah La Franchi and render of 10400 S. San Pedro (Tim Berger c/o SDS Capital, Getty)
Private equity takes on the supporting housing sector
Private equity takes on the supporting housing sector
Cypress Equity Investments' Michael Sorochinsky and 2225 Sunset Boulevard (Cypress Equity Investments, Ottinger Architects)
Cypress Equity to build 176 apartments in Echo Park
Cypress Equity to build 176 apartments in Echo Park
Habitat for Humanity OC president Monique Davis and 1921 West Washington Avenue (Habitat for Humanity, Google Maps)
Habitat for Humanity to build duplexes in Santa Ana
Habitat for Humanity to build duplexes in Santa Ana
From left: Lexington Apartments, 1221 Ocean, Thea at Metropolis, and Vue Los Feliz
$500M sale tops list of LA multifamily deals in 2022
$500M sale tops list of LA multifamily deals in 2022
Beach City Capital's Jason Muller with rendering of 12763 Mitchell Avenue (Beach City Capital)
Beach City Capital to start work on Mar Vista apartments
Beach City Capital to start work on Mar Vista apartments
Skanska USA's Clare De Briere and renderings of the project at 8633 Wilshire Boulevard in Beverly Hills (LinkedIn, Skidmore, Owings & Merrill)
Skanska USA redesigns office building in Beverly Hills
Skanska USA redesigns office building in Beverly Hills
(Photo Illustration by Steven Dilakian for The Real Deal with Getty)
California’s growth proposition called into question again
California’s growth proposition called into question again
Arman Gabaee (Daily Breeze)
Developer Arman Gabaee gets 4 years in prison for ‘systemic corruption’
Developer Arman Gabaee gets 4 years in prison for ‘systemic corruption’
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...