California Landmark Group pushes farther into Eastside with Silver Lake resi complex

The 100-unit project would require demolishing three existing homes

TRD LOS ANGELES /
Jun.June 15, 2018 11:00 AM
California Landmark exec Ken Kahan and 1201 N. Myra Avenue

California Landmark Group, a West Los Angeles-based multifamily development firm, continued its push into the Eastside Los Angeles with a proposal to build a residential complex on the west edge of Silver Lake.

The firm filed plans for a 100-unit building that spans over 87,500 square foot at 1201 N. Myra Avenue, according to documents filed with the Department of City Planning. Five out of the six floors will be dedicated for the apartments, while the remaining ground level floor is used for 50 vehicle parking spaces and 105 bicycle spots.

In exchange for building less than half a mile from the Vermont/Sunset Metro station, CLG is seeking Transit Oriented Communities incentives for the site. It is seeking to reduce the required open space by 25 percent, as well as a 30 percent decrease in the yard setback. The developer also wants to increase the height of the building from 45 feet to 67 feet.

CLG purchased the three adjacent properties on the block in April for $3.38 million, property records show.

The project would require demolishing three single-family homes that currently sit on the site. CLG filed demolition requests in May; they have yet to be granted.

A representative from CLG declined to comment.

The Silver Lake proposal is the latest foray into the Eastside by CLG, which began a push into the area in March 2016 when it purchased apartment buildings in Highland Park and Eagle Rock. Its other residential projects are based mostly on the Westside, in neighborhoods like Marina del Rey, Sawtelle and Brentwood.

Many other developers have been flocking to Silver Lake recently. Last month, an unspecified developer filed for a 33-unit project with four units set aside for very low-income renters at 1032 N. Coronado Street. Meanwhile, Timberlane Partners and Frost/Chaddock are planning hotels in the neighborhood.


Related Articles

arrow_forward_ios
Malibu Real Estate Investments principals Bedros Oruncakiel and Kirkor Suri

Malibu spec mansion lists amid softening luxury market

Chandler Parsons and his property on Stone Canyon Road (Credit: Getty Images)

Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion

CoreLogic's Andrew LePage and Orange County (Credit: Wikipedia)

SoCal housing market shows signs of life, with a caveat: report

Bridge Housing CEO Cynthia Parker and a rendering of the view from Walnut and Anaheim (Credit: SVA Architects)

Fully affordable complex set to rise in vacant Long Beach lot

Tracy Tutor and her Brentwood home

Tracy Tutor of “Million Dollar Listing ” asking a lot more for Brentwood home

Anton Lessine and 321 South Bristol Avenue, and Behati Prinsloo and Adam Levine with their home (Credit: Getty Images and Zillow)

This week in celeb real estate: Adam Levine unloads $45M home, a Hollywood film producer sells in Brentwood…and more

Anton Lessine and 321 South Bristol Avenue (Credit: Getty Images)

Hollywood producer Anton Lessine sells Brentwood Park mansion for $17M

Andy Reid, the President of MetroStudy

The great SoCal slowdown: Homebuilding drops 18%

arrow_forward_ios
Loading...