Un-affordable: City moves to keep Atlas Capital’s big Chinatown resi project market-rate

A City Council committee approved the 725-unit College Station complex without an affordable component

TRD LOS ANGELES /
Mar.March 20, 2019 05:00 PM
Council member Gil Cedillo and a College Station affordable housing rendering

In December, the Los Angeles City Planning Commission said developer Atlas Capital could proceed with its massive College Station residential development as long the project included 37 affordable units.

With 725 units in the complex, that would work out to about 5 percent of the total.

Now, a City Council committee has reversed that ruling, and will not require any affordable apartments in the complex.

The Council’s planning and land use committee approved the Chinatown project this week as a complete market-rate development, Curbed reported. The development, which will include 51,600 square feet of retail space, still needs final approval from the full City Council.

The committee’s decision comes as most developers in the city are incorporating some affordable units into their market-rate projects. The city’s and California’s affordable housing crisis has become a major talking point for Gov. Gavin Newsom. This week, state lawmakers unveiled a sweeping package of housing bills meant to address the issue.

A representative for New York-based Atlas argued there is no legal obligation for the company to build affordable units for the project. College Station would also not displace anyone, since it is set to rise on a vacant lot near Chinatown Gold Line station. L.A. has encouraged affordable construction near transit hubs through its Transit Oriented Communities, which gives density bonuses to developers whose market-rate projects rise there.

Council member Gil Cedillo sided with Atlas, claiming his district already has more than enough affordable units in the pipeline. His district includes Chinatown, Highland Park, Lincoln Heights and Westlake, where 676 units of permanent supportive housing have been proposed. [Curbed]Natalie Hoberman


Related Articles

arrow_forward_ios
CA State Sen. Scott Wiener pushes for high-density housing to solve homeless crisis (Credit: Getty Images)

Is third time a charm for state’s high-density housing bill?

Mitch O’Farrell wants this hospital to become housing (Credit: Google Maps and Getty Images)

Gurney housing journey: St. Vincent Medical Center could transform into supportive housing

Welton Jordan of EAH Housing, and the block in South Park where the nonprofit development organization wants to build a 64-unit complex (Credit: Google Maps)

Two affordable housing projects will add 120 units to transformed South Park

14518-14526 Erwin Street (Credit: Google Maps)

Developer wants 71-unit complex to rise in Van Nuys Opportunity Zone

Tenancy in common arrangementsare growing in gentrifying Eastside neighborhoods like Silver Lake, Echo Park and Glassell Park (Credit: iStock)

LA landlords pitch controversial ownership arrangement as rent law kicks in

Monica Rodriguez orchestrated the nixing of a residential project set for the Verdugo Hills Golf Course (Credit: Google Maps, Wikipedia)

The threat of fire doomed this Tujunga resi project. Now the developer will sue

(Credit: Courtesy Santa Fe Art Colony Tenants Association via Los Angeles Magazine and iStock)

Developer sued by DTLA artist collective over rent-restricted building

Adam Shekhter and the 1415 5th Street project

WS Communities boosts affordable housing plans in Santa Monica

arrow_forward_ios
Loading...