A 335-unit apartment complex would rise near Westlake’s development boom

The developer could take advantage of LA's incentives program that encourage development

TRD LOS ANGELES /
Apr.April 11, 2019 03:00 PM
The project site is an assemblage of six parcels from 1240–1264 W. 2nd Street

Multifamily developers have been turning to Westlake, taking advantage of city incentives that increase the number of units allowed under existing zoning laws.

In nearby City West, a new multifamily tower could soon replace a cluster of industrial properties, and the developer could also utilize those same incentives. Plans call for a 24-story building with 335 residential units, Urbanize reported.

The 39,000-square-foot site at 1240-1262 West 2nd Street is owned by Robert and Julie Freeman, according to the report. Records show Robert Freeman has had a stake in the property since at least 2007. It’s unclear whether the property owners are also developing the project, which was filed without a listed applicant.

In exchange for setting aside some affordable units, the project would qualify for reduced parking requirement and greater density as part of the Los Angeles’ Transit Oriented Communities guidelines.

Tony Ashai of Ashai Design Consulting Corp. has been tapped as the architect. [Urbanize]Natalie Hoberman


Related Articles

arrow_forward_ios
Mike Bannon, California Apartment Association, executive director

Mom-and-pop resi landlords are already struggling

Mom-and-pop resi landlords are already struggling
Cypress CEO Michael Sorochinsky and 1216-1224 Menlo Avenue (Google Maps)

Cypress Equity plans 128-unit affordable complex in Pico-Union

Cypress Equity plans 128-unit affordable complex in Pico-Union
ELK Development founder Evan Kasper and the development site at 730 S. Vermont Avenue (Google Maps)

ELK Development-tied entity plans 80-unit apartment complex in Koreatown

ELK Development-tied entity plans 80-unit apartment complex in Koreatown
An illustration of David Lee

A boomtown for a bygone era: Koreatown developers face a reckoning

A boomtown for a bygone era: Koreatown developers face a reckoning
Jacmar Companies CEO John Tilley and the property (Google Maps)

Olympic Boulevard Shakey’s could make way for 120 apartments

Olympic Boulevard Shakey’s could make way for 120 apartments
Tani Cantil-Sakauye (Credit: Earl Gibson III/Getty Images)

Landlords sue California over eviction ban

Landlords sue California over eviction ban
Eric Garcetti, Nury Martinez, and Daniel Yukelson (Credit: Marc Flores and Alberto E. Rodriguez via Getty Imahes, Linkedin, and iStock)

LA landlords sue city over residential eviction ban

LA landlords sue city over residential eviction ban
Daniel Yukelson of Apartment Association of Greater L.A. and L.A. City hall (Credit: iStock)

For CA landlords, abysmal is the new normal

For CA landlords, abysmal is the new normal
arrow_forward_ios

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

Loading...