New developer, new plan: Apartments eyed for Pico Union after hotel is blocked

A 126-unit building is proposed following a labor union's success at stopping a hotel construction

Apr.April 29, 2019 01:00 PM
Car wash site at 2870 Olympic Boulevard (Credit: Google Maps and iStock)
Car wash site at 2870 Olympic Boulevard (Credit: Google Maps and iStock)

Last October, a labor union successfully blocked plans to develop a six-story hotel in Pico Union. Now, the property’s new owner wants to try something different.

Perri Lee, acting through an LLC, is requesting approval to build a new 126-unit apartment building at the same site, according to documents published with the city.

Of the 126 units, 13 would be set aside for extremely low-income residents. An existing auto repair shop and single-family home would have to be demolished to make way for the new development.

Plans for the site at 2870 West Olympic Boulevard reflect a stark contrast to what the building’s previous owner, David Lo, had envisioned.

In 2015, he filed plans to build a 120-room hotel with 6,100 square feet of retail space at the site. After securing approvals last September, he was blocked by UNITE HERE Local 11, which appealed the project. The union claimed the construction’s environmental impact analysis did not comply with state regulations.

Property records indicate that Lo then sold the development site in December for $15 million to 2870 O Consortium, an entity Lee controlled. Lee, who is also tied to an escrow company based in Koreatown, did not respond to requests for comment.

Related Articles

930 S. Park View Street (Credit: Google Maps)

Chateau Group files for 65-unit complex in developing Westlake

An illustration of Airbnb's Chief Executive Brian Chesky

Los Angeles No. 1 in country for Airbnb, other short stay rentals

Developer seeks permission to build hotel at Lankershim Boulevard and Gilmore Street (Credit: Google Maps and iStock)

LA’s hotel boom continues with proposed 89-key development in North Hollywood

A map of Westlake (Credit: Google Maps and iStock)

Developers are digging into multifamily projects in Westlake

Ken Gladstein in front of 630 Masselin Avenue

Multifamily investor Sares-Regis bets big on Miracle Mile

A multifamily building could replace this auto body shop (Credit: Google Maps)

Bastion plans 139-unit project on doorstep of booming Culver City

5240-5300 West Century Boulevard (Credit: Google Maps and iStock)

Around LAX, office-to-hotel conversions are catching on

From left, clockwise: Daydream Apartments’ Griffin and Grace on Spring, Douglas Emmett’s The Glendon at Westwood and Carlyle Group’s Sofia Los Angeles

Here are LA’s 5 biggest multifamily sales of 2019