Singapore firm’s proposal for resi tower in San Pedro would be community’s tallest

Black Swan Equity Partners' project would include 94 units

TRD LOS ANGELES /
Jan.January 25, 2019 02:00 PM
537 S. Nelson Street (Credit: Google Maps)

Black Swan Equity Partners plans to develop the tallest building in San Pedro – a 94-unit apartment tower.

The private equity firm, based in Singapore, filed plans this week to construct a 22-story, mixed-use building at 537 S. Nelson Street. The firm acquired the site for $982,000 in 2015 through an entity named Red Dot Nelson LLC, according to records. UrbanizeLA first reported the story.

The project will designate about 11 units as affordable, and it will include ground floor commercial use. If approved, it would replace two single-story commercial buildings along 6th and Nelson streets. A 600-square-foot Victorian house was demolished on the site last year.

The site was previously slated for a smaller, 47-unit project named “Nelson One,” or the “Johnson Tower,” according to media reports.

San Pedro has a lot more residential development coming down the pipeline. Earlier this month, LINC Housing and National CORE filed plans to build a 91-unit affordable housing project called 9th Street Lofts at 456 W. 9th Street. And last month, Parkview Management Group filed plans for “micro-units” in its apartment conversion project of the historic Harbor View House.

Other proposed projects for San Pedro include a boutique hotel with 80 rooms next to the Warner Grand Theatre, and the redevelopment of the 21-acre Rancho San Pedro public housing complex that would include more than 1,600 units. [UrbanizeLA] — Gregory Cornfield


Related Articles

arrow_forward_ios
Fareed Kanani and Sean Hashem, with a rendering of the project (Credit: HED via Urbanize, and Greenbridge)

Greenbridge Investment plans 169-unit tower in Koreatown

Greenbridge Investment plans 169-unit tower in Koreatown
Sares-Regis Principal William Thormahlen & photo of Wakaba LA

In latest deal, Sares-Regis sells Little Tokyo resi complex for $116M

In latest deal, Sares-Regis sells Little Tokyo resi complex for $116M
Geoff Palmer proposes building 15-story apartment tower at 2321-2327 South Flower Street (Credit: Getty Images, Google Maps)

Geoff Palmer plans 280-unit apartment tower in South LA

Geoff Palmer plans 280-unit apartment tower in South LA
Architect Simon Park and a rendering of the project (Credit: SSPSTUDIO ARCHITECTURE & URBAN DESIGN)

Boyle Heights slated for another mixed-use project

Boyle Heights slated for another mixed-use project
Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

Faring makes $30M assemblage play on WeHo/LA border
110-unit mixed use development

Pourbaba gears up for 115-unit West Adams project

Pourbaba gears up for 115-unit West Adams project
Matt Khourie Chief Executive Officer of Trammell Crow and a rendering of the project

Trammell Crow, MTA team up on $1B mixed-use project in NoHo

Trammell Crow, MTA team up on $1B mixed-use project in NoHo
JPI CEO Brad Taylor and a rendering of Jefferson on Avalon

High impact housing: Over 1K units slated to rise in Carson

High impact housing: Over 1K units slated to rise in Carson
arrow_forward_ios

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

Loading...