Quantcast

The Real Deal Los Angeles

New apartment building with 96 units slated to rise near Century City

Proposal is second in 3 years for multifamily complex at the property
By Natalie Hoberman | February 04, 2019 11:00AM

Robhana Group Principals Robert and Robin Hanasab with the lot located at 10400 Santa Monica Boulevard

There appears to be new life breathing into a proposed multifamily project in the commercial-heavy Century City.

A developer has filed plans to build 96 units on a vacant lot on Santa Monica Boulevard, according to a filing with the Department of City Planning. Out of the 96 apartments, 88 would be market-rate, while the remaining eight are reserved for very low income residents.

Property records show that the site, located at 10400 Santa Monica Boulevard, is owned by Robhana Group, a privately held real estate firm based in Downtown Los Angeles. The firm acquired the 0.58-acre lot in March 2017 for $12 million, according to deed records.

It’s not the first time a developer has proposed an apartment building at the property.

Three months prior to Robhana’s acquisition, Westside developer Nayssan Properties requested approvals to build the same five to six-story apartment building with 96 units. At the time, Nayssan Properties declined to comment on the filing.

A representative for Nayssan Properties declined a request to comment on the most-recent plans. Robhana, which is led by Robert and Robin Hanasab, did not immediately respond to requests for comment.

The most-recent applicant, which is unnamed on the filing, is requesting a 35 percent density bonus in exchange for building affordable housing. There will also be parking spaces for 164 cars and 102 bicycles.

Last spring, JMB Realty revitalized its plan to build a 483-unit high-rise condo complex in the neighborhood. The Chicago-based real estate investment firm filed permits to build one of the two residential towers at the corner of Constellation Boulevard and Avenue of the Stars, nearly 15 years after first proposing the massive project.