4Site Real Estate plans hotel-apartment complex in Lincoln Heights

Oct.October 10, 2018 10:00 AM
4Site Real Estate Chief Principal Todd Wexman and the Lincoln Heights site

A developer wants to build a 200-unit apartment and extended-stay hotel extend in Lincoln Heights.

Echo Park-based 4Site Real Estate filed plans for the project, at 181 N. Avenue 21. It will have 100 rental units, including three set aside for extremely low-income renters; and 100 long-term hotel rooms. The 114,000-square-foot would include 4,700 square feet of commercial space.

Run by Todd Wexman, 4Site has developed multifamily properties, condominiums, and single-family homes, mostly in the Echo Park-Westlake-Silver Lake area. It is developing a 54-unit project in Westlake at 1246 West Court Street. It’s also building a 45-unit project in the neighborhood.

The latest project would rise on a multi-parcel property, now mostly consisting of single-family homes. The properties were assembled by a different owner in the late 1990s and early 2000s. Nearby, Lincoln Property Company is developing a large mixed-use commercial project with a public market, creative office space, and recreational space.

Related Articles

Developer Pinyon Group’s 486-unit project would sit two blocks away from the Heritage Square Gold Line.

Developers of massive Lincoln Heights resi project change tack to collect city incentives

Governor Gavin Newsom and Senator Nancy Skinner (Credit: Getty Images and iStock)

Developers rejoice: Newest state law aims to boost housing production

Assemblyman David Chiu and Gov. Gavin Newsom (Credit: Wikipedia and iStock)

California passes landmark rent control law

Ron Galperin and an overview of LA (Credit: iStock)

LA owns thousands of properties, many of them vacant. LA’s controller has an idea to spur development

Bob Halavi and 827 South Grand View Street (Credit: LinkedIn and Google Maps)

This 60-unit resi project would add to MacArthur Park’s growing pipeline

Top to bottom: a rendering of the project and a photo of the site at 3170 West Olympic Boulevard (Credit: Google Maps)

Koreatown hotelier sells shovel-ready development site entitled for 252 units

Domvs London co-founder Barry Watts and 800 Tortuoso Way (Credit: Linkedin, Dougas Elliman)

Developer lists a third of Park Bel Air for reduced price of $45M

4Site Real Estate moves ahead with latest mixed-use complex in Lincoln Heights