Affordable housing developer plans 60-unit project in Hollywood

Path Ventures is requesting a 35 percent density bonus

Los Angeles /
Dec.December 24, 2018 04:00 PM
5627 N Fernwood Avenue, with path venture CEO Joel John Roberts

A homeless shelter in Hollywood could soon see the wrecking ball to make room for a different kind of shelter.

Nonprofit group Path Ventures filed plans to build a 60-unit affordable housing complex on the site of their existing shelter at 5627 North Fernwood Avenue, according to documents published last week by the city.

The affordable housing developer is requesting a 35 percent density bonus, as well as reduced yard and open space requirements, in exchange for building near the Hollywood/Western Metro station.

Architects Collective is designing the five-story structure, Urbanize previously reported. A Hollywood committee reviewed a preliminary proposal for the project in May.

Path Ventures is an affiliate of Path, which focuses on aiding the homeless. Some of Path Ventures’ projects include the Path Villas at Del Rey on the westside, Marmion West Apartments in northeast L.A. and Villas at Gower in Hollywood.

In Venice, where the homeless problem is particularly acute, a couple of affordable housing developers are planning a 140-unit complex on a city-owned parking lot. Nonprofits Hollywood Community Housing and Venice Community Housing recently filed plans to build a 105,770-square-foot project that would include office space and an art studio at 200 Venice Boulevard.


Related Articles

arrow_forward_ios
CIM Group’s Avi Shemesh and Lono Hollywood at 6611 Hollywood Boulevard (Google Maps)
CIM suing SBE Entertainment for unpaid rent at Hollywood eatery
CIM suing SBE Entertainment for unpaid rent at Hollywood eatery
Sola Impact's Martin Muoto and 11001 Vermont (LinkedIn, The Architects Collective)
Sola Impact plans another 80-unit Opportunity Zone project
Sola Impact plans another 80-unit Opportunity Zone project
Renderings of The Star
The Star, a $500M office tower project, looks to light up Hollywood
The Star, a $500M office tower project, looks to light up Hollywood
Bardas Investment Group founder David Simon and project renderings of Echelon Studios (Bardas)
Bardas Investment, Bain expand $420M Echelon Studios plan
Bardas Investment, Bain expand $420M Echelon Studios plan
The Oakland Coliseum redevelopment plan (MLB)
California public land now battleground in fight over affordable housing
California public land now battleground in fight over affordable housing
(Getty)
LA requiring property owners to list affordable units publicly
LA requiring property owners to list affordable units publicly
Rendering of the project (Van Tilburg, Banvard & Soderbergh, AIA)
American Commercial’s plan for 735-unit project in Hollywood returns
American Commercial’s plan for 735-unit project in Hollywood returns
The Altana and Renaissance; Two buildings that the CSCD were involved with in the past year (Waterford, The Renaissance)
LA explores joining the state’s luxury-to-middle-income housing program
LA explores joining the state’s luxury-to-middle-income housing program
arrow_forward_ios

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

Loading...