Entity linked to jeweler plans 75-unit multifamily project in Westlake

Project would replace two other multifamily buildings

TRD LOS ANGELES /
Oct.October 26, 2018 11:00 AM
831-837 S. Westlake Avenue

A company tied to a Downtown Los Angeles jeweler is planning a 75-unit multifamily development in Westlake.

The eight-story building is planned for 831-837 S. Westlake Avenue and will include six stories of housing above two stories of parking, according to permit applications filed with the Los Angeles Department of Building and Safety.

The project would replace two multifamily buildings. It includes an unspecified number of units set aside as affordable through the city’s Transit Oriented Communities program, which provides density bonuses and other incentives for projects near transit that include affordable units.

The entity that owns the property is linked to the Nourizad family, which owns Ninacci Incorporated, a jeweler on S. Hill Street. It first purchased the properties between August 2016 and February 2018 for a total of around $2.7 million.

Earlier this month in Westlake, developer Lifan Group secured a density bonus needed for a 29-story, 306-unit apartment project on W. 7th Street after setting aside 34 units for low-income renters.

The 75-unit building in Westlake is the third large TOC project filed this week. Haroni Investments LLC filed for a 128-unit project and a 64-unit project in South L.A. as well.


Related Articles

arrow_forward_ios
Architect Simon Park and a rendering of the project (Credit: SSPSTUDIO ARCHITECTURE & URBAN DESIGN)

Boyle Heights slated for another mixed-use project

Monica Rodriguez orchestrated the nixing of a residential project set for the Verdugo Hills Golf Course (Credit: Google Maps, Wikipedia)

The threat of fire doomed this Tujunga resi project. Now the developer will sue

6550 South Normandie Avenue (Credit: Google Maps)

Haroni Investments to turn parking lot into new apartments

Council President Herb Wesson and a rendering of District Square

City will draw up “anti-displacement zone” ordinance

The car wash at 1666 N. Vermont Avenue (Credit: Google Maps)

Former car wash owners propose 139-unit development in Los Feliz

Pink House Project, rendering of Hello Saturn, Boaz Miodovsky of Ketter, and Max Sharkansky of Trion Properties

Joint venture sees green in planned apartment complex at Mid-City pink houses site

3301 South Canfield Avenue (Credit: Google Maps and iStock)

Oakmont Capital is building a mini multifamily empire in Palms

Developer Pinyon Group’s 468-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

arrow_forward_ios
Loading...