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The Real Deal Los Angeles

$27M Skid Row Housing Trust project cleared for construction

The development at 7th and Wall streets will include 54 units

Rendering of the project at 649 S. Wall Street (Credit: Adobe Communities)

Slowly but surely, more housing is making its way to Skid Row.

Developer Skid Row Housing Trust is getting ready to begin construction on its 54-unit apartment building at 649 S. Wall Street, at the corner of 7th Street, Urbanize reported.

The site was recently cleared for construction to make way for the seven-story building, dubbed 649 Lofts, which will provide permanent housing for formerly homeless and at-risk individuals. The contemporary structure would rise above 25,000 square feet of ground-floor retail space and 25 parking spots.

Renderings from Abode Communities feature multiple outdoor decks, plenty of green spaces and glass walls within the modern-looking structure.

Rendering of the project at 649 S. Wall Street (Credit: Adobe Communities)

It is unclear when the $27 million project will be completed.

Rents at the complex will run between $473 and $788 per month, according to a document from the State Treasurer’s Office.

Skid Row manages over 26 buildings to house and support homeless people in L.A. The developer is also planning a 14-story, 151-unit affordable complex nearby at 609-623 E. 5th Street, as well as an 81-unit residential complex at 655 S. San Pedro Street. [Urbanize LA]Natalie Hoberman