Little Tokyo Service Center’s plans for its mixed-use building in East Hollywood show a project with 160 to 200 units of affordable housing.
The firm released images of the project planned, planned for Santa Monica Boulevard and North Vermont Avenue, Urbanize reported.
Renderings show a boxy six-story building that wraps around the Santa Monica/Vermont Metro station. The construction will include between 15,000 and 20,000 square feet of ground floor space for retail and social services.
Rents for the residential units will be mixed and priced for households making between 30 percent and 60 percent of area median income. For example, rents for a two-bedroom unit would be between $608 and $1,216 per month, based on 2017 AMI. The development will have a mix of studio, one-, two-, and three-bedroom units.
The Little Tokyo Service Center, which provides social services and affordable housing, will set aside half of the units for formerly homeless individuals and families. It is working on two other large development projects in Little Tokyo. The organization has partnered with Go For Broke National Education Center to develop affordable housing and an education center at the corner of North Alameda and East Temple streets. It is also developing a long-stalled sports center in Little Tokyo.
Metro and Little Tokyo Service Center are in a negotiating agreement for the property. The are expected to finalize the plan and sign a ground lease by mid-2019. [Urbanize] — Dennis Lynch