Azure Development plans affordable housing project in Boyle Heights

The developer is seeking a density bonus from LA to add more units

Feb.February 23, 2018 11:00 AM
Rendering of property at 110 S. Boyle Avenue

A development firm is planning a 44-unit affordable housing apartment at 110 S. Boyle Avenue in Boyle Heights, amid Los Angeles’ deepening affordable housing crisis.

Azure Development of Commerce, California, filed plans for the 36,500-square-foot project, dubbed “1st and Boyle.” The five-story building would rise on a vacant city-owned lot, according to the City Planning Commission. Of the 44 units, 35 will be dedicated for extremely low-income and eight will be for very low-income. The remaining unit will be for the building manager.

Azure is requesting a density bonus incentive for the proposed project, which exceeds the 39-unit maximum.

In addition to the apartments, the development would include 8,000 square feet of retail space for a laundromat and cafe, according to the firm’s website. Other amenities include a community room, outdoor common areas and 40 parking spaces.

The City of Los Angeles is likely going to sell the land to Azure after soil remediation work, Urbanize previously reported.

Azure could not be reached for comment.

L.A. has been called the least affordable city in the country, but there are affordable developments in the works. Elsewhere in Boyle Heights, Abode Communities is planning an affordable community, dubbed La Veranda, near the corner of Cesar E. Chavez Avenue and Soto Street. East Los Angeles Community Corporation is also in negotiations to develop a 60-unit apartment building for low-income residents transitioning out of foster care or the juvenile justice system.

Related Article

From left: Canyon Crest Views Apartments and Sunset Ridge Apartments

Multifamily investor Afton Properties adds nearly 1K units to portfolio

Airbnb CEO Brian Chesky

Airbnb — yes Airbnb — says it wants to fix California’s affordable housing crisis

Blackstone CEO Stephen Schwarzman and TruAmerica CEO Robert Hart

Blackstone digs deeper into SoCal with massive rental portfolio buy

WNC Investors CEO Wilfred N. Cooper Jr. and the Cameron Park Apartments (Credit: Google Maps)

Investor’s long hold on a West Covina affordable housing development pays off

Thomas L. Safran and the firm’s president, Andrew David Gross, and the project site (Credit: Google Maps)

Safran & Associates’ planned rental project seeks affordable incentives amid legal challenge to city’s popular program

5800 Green Valley Cir, Culver City (Credit: Google Maps)

Jones & Jones buy multifamily property in bustling Culver City

Daniel Wrublin (right), principal of Dalan Management and Gregory Fowler, managing partner at FPA Multifamily with The Vue Apartment Homes in San Bernardino

A strong industrial market in San Bernardino is spurring a multifamily boom

SRO Housing Corporation CEO Anita U. Nelson, the development site, and a rendering of the project

As LA’s homeless population climbs, affordable developer plans 81-unit complex in Echo Park