Bond Cos. looks to build 200-unit mixed-use project in Hollywood

The complex will include ground-floor retail and 3 levels of parking

Nov.November 28, 2018 09:00 AM
Bond Companies co-founders Lawrence and Robert Bond

Bond Companies wants to build a 200-unit mixed-use complex in in Hollywood, which would be among the firm’s largest in recent years.

The Brentwood-based company filed permits with the city for the eight-story construction at 1522-1538 N. Cassil Place.

The site, now a parking lot, is owned by the YMCA, which operates a branch nearby. Bond Companies is in the process of buying the property, said co-founder Larry Bond. He said his firm “loves Hollywood,” and picked the site for its access to the Metro and its walkability.

The permit calls for seven stories of residential units over ground-floor retail and three levels of subterranean parking. Bond Companies will include some affordable units and advantage of the site’s eligibility for density bonuses under the Transit Oriented Communities program.

The site is also located within a federal Opportunity Zone, which provides long-term tax incentives to real estate developers who invest in those underseved areas. The nationwide program, created under President Trump’s tax overhaul plan, opens up trillions of dollars for investment.

The Bond Companies’ project appears to be the firm’s largest in L.A. since it developed the 300-unit Hollywood and Vine project over a decade ago. The company has pursued under 100-unit projects in Echo Park, including a 47-unit TOC project filed earlier this year.

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