The revised College Station project proposed for Chinatown by Atlas Capital Group could see its first approvals as early as next week.
The Los Angeles City Planning Commission will review the mixed-use project, which could bring hundreds of new residential units and retail space to the vacant intersection at North Spring and College Streets.
Atlas Capital, based in New York, has proposed building 725 units within a seven-story building. Chinatown Station, the developer’s name for the site, would also include 51,600 square feet of retail space, Urbanize reported.
That’s scaled down from their original proposal, which called for a pair of twin 20-story towers. The previous rendition also included 50 more units, and street-facing townhomes.
Johnson Fain is designing the project, set to rise near the L.A. State Historic Park. Studio MLA was tapped as the landscape architect, and will design open-space amenities like swimming pool, courtyards and large plazas.
The commission will also hear three appeals against the project. Several different construction labor unions are bringing the appeals, which cite issues with the project’s environmental impact report.
Atlas Capital is also an investor in other pockets of L.A. The firm recently spent $41 million to acquire the Chatsworth Business Center, a 214,000-square-foot office complex in the Valley. [Urbanize] – Natalie Hoberman