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.