$27M Skid Row Housing Trust project cleared for construction
The development at 7th and Wall streets will include 54 units
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.
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