Haroni doubles down in South LA with a 64-unit project, its second of the week

Together with a project filed on Florence Avenue, Haroni is planning nearly 200 units in the area

Los Angeles /
Oct.October 25, 2018 05:00 PM
6550 S. Normandie Avenue (Credit: Pixabay)

A day after filing a 128-unit filing on Florence Avenue in South Los Angeles, Haroni Investments LLC is making a move around the corner on Normandie Avenue.

The Fashion District-based firm filed for a 64-unit project at 6550 S. Normandie Avenue on Wednesday. The company wants to boost density, floor-area-ratio, and requests other incentives through the Transit Oriented Communities program by making six units affordable. Without a bonus, Haroni could only build 49 units by-right there.

Haroni paid $1.5 million for the .64-acre site in March. It’s currently home to a shuttered daycare facility and a parking lot.

The project is the third that Haroni has in development in South L.A., including the Florence Avenue project, where Haroni is also requesting density bonuses through the TOC program. Haroni has cleared a site on Crenshaw Boulevard for a five-story, 73-unit multifamily project it’s planned since early last year.

Developers have filed for more than 1,000 affordable units around the city through the program since it came into effect last fall. The program provides incentives for projects with affordable units built near transit.

South L.A. has seen a handful of such projects, including a 49-unit completely affordable supportive housing complex on S. Western Avenue and a 110-unit project on S. Crenshaw Boulevard.


Related Articles

arrow_forward_ios
Neil Shekhter, WS Communities CEO Scott Walter and 1550 Lincoln Boulevard
Shekhter’s WSC gets $125M loan for LA resi developments
Shekhter’s WSC gets $125M loan for LA resi developments
Rob Speyer (President, Chief Executive Officer, Tishman Speyer) & Neil Shekhter (Founder, Chief Executive Officer, NMS Properties) (iStock, Tishman Speyer, NMS Properties, Illustration by Kevin Cifuentes for The Real Deal)
Tishman Speyer to build 620 units on Santa Monica sites
Tishman Speyer to build 620 units on Santa Monica sites
OC-based JV gets $77M loan for Inland Empire residential
OC-based JV gets $77M loan for Inland Empire residential
OC-based JV gets $77M loan for Inland Empire residential
From Kmart to Cop Shop in Inland Empire
From Kmart to Cop Shop in Inland Empire
From Kmart to Cop Shop in Inland Empire
Court clears new housing near Expo Line
Court clears new housing near Expo Line
Court clears new housing near Expo Line
9.7-acre Thousand Oaks development site for sale
9.7-acre Thousand Oaks development site for sale
9.7-acre Thousand Oaks development site for sale
John Buck 3MR Capital, land $34M loan in Culver City
John Buck 3MR Capital, land $34M loan in Culver City
John Buck 3MR Capital, land $34M loan in Culver City
USAA Real Estate CEO Len O’Donnell, McDonald Property Group CEO Bruce McDonald and the Ontario International Airport in California (USAA, McDonald Property Group, Getty)
Ontario airport authority leasing 200 acres for industrial
Ontario airport authority leasing 200 acres for industrial
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...