Real estate developer Madison Group filed plans to build a 16-unit condominium structure at 1017 N. Croft Avenue, situated on the cusp of West Hollywood and Beverly Grove, The Real Deal has learned.
The four-story project calls for the demolition of a five-unit apartment building and a detached garage, according to the Wednesday filing.
London Capital Group is listed as the applicant on the filing. It has ties to real estate investment firm Madison Group, led by Robert Neman and Farhad Farahmand, which owns other condominium projects in the Los Angeles region, including a 16-unit property at 11715 Chenault Street. Madison also owns several multi-family properties in Koreatown. It is also building a similar, four-story, 15-unit condo complex on 829-831 N. Croft Avenue, according to its website.