Madison plans condo project in Beverly Grove

A smaller duplex is currently on the site

TRD LOS ANGELES /
Oct.October 06, 2017 12:00 PM
Property at 1017 N. Croft Avenue (Google Maps)

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.


Related Articles

arrow_forward_ios
Woodridge Capital Partners’ CEO Michael Rosenfeld and Sales Director Mary Ann Osborn with a rendering of the project

A $2.5B litmus test for the Century City luxury market

4Site Real Estate’s Todd Wexman and the entryway at the Cha Cha Cha condo building

“A slap in the face”: LA developer criticized for condo project name

Los Angeles Luxury Condo Market Amenities (Credit: iStock)

Amenity insanity in LA luxe condo market

From left: Gavin Newsom and David Chiu (Credit: Getty Images and iStock)

Will rent control dent the multifamily market? Lenders, investors weigh in

420 West 9th Street, San Pedro (Credit: Google Maps and iStock)

San Pedro’s apartment project pipeline is filling up

David Nagel

Decron Properties, in multifamily expansion mode, pushes into Warner Center

Mill Creek Residential CEO William MacDonald and Modera West LA (Credit: iStock)

One of nation’s biggest apartment builders scores $165M refi on West LA development

From left: Canyon Crest Views Apartments and Sunset Ridge Apartments

Multifamily investor Afton Properties adds nearly 1K units to portfolio

arrow_forward_ios