AIDS Foundation bids on Sunset Gordon tower, but is it for sale?

The nonprofit has been battling the city and CIM Group to include more affordable units at the tower

TRD LOS ANGELES /
May.May 31, 2019 02:00 PM
Michael Weinstein and Sunset Gordon tower (Google Maps)
Michael Weinstein and Sunset Gordon tower (Google Maps)

AIDS Healthcare Foundation has made a bid to purchase the 299-unit Sunset Gordon tower, which CIM Group developed but has not been allowed to open.

AHF announced that it submitted a $50 million offer to purchase the vacant 22-story building at 1528 Gordon Street, according to Curbed. If the bid is accepted, AHF would drop its years-long lawsuit against CIM Group and Los Angeles over the number of affordable housing the developer included in the building.

Michael Weinstein, who is head of AHF, said it wants CIM to either add more affordable units or sell the property so the nonprofit can repurpose the complex, according to Curbed. If AHF purchased the building, it would reduce the size of the units and increase the number to 1,000.

It is altogether unclear whether the Sunset Boulevard property is even for sale. It has been vacant since 2015, when an L.A. County Superior Court judge invalidated its permits after CIM had demolished an Old Spaghetti Factory restaurant that was supposed to be partially preserved.

CIM and AHF’s Coalition to Preserve LA have since battled over the developers’ attempts to obtain permits, which eventually were issued in December. The most recent approvals stipulate that Sunset Gordon must include 15 apartments for very low-income tenants, 15 for moderate-income tenants and 15 units of workforce housing.

CIM Group has remained one of the most active developers in Hollywood, including a 63-unit project it’s working on across from Sunset Gordon. AHF was a main financial supporter of a 2017 failed anti-development ballot measure. [Curbed]Gregory Cornfield


Related Articles

arrow_forward_ios
Jose Huizar and Los Angeles courthouse at 350 W 1st Street (Getty, Google Maps)

Huizar-approved projects hum along as pol’s trial set for fall

Huizar-approved projects hum along as pol’s trial set for fall
Jose Huizar, Michael Weinstein and Mitchell Englander (Getty)

AIDS Healthcare sues to halt several Huizar-linked development projects

AIDS Healthcare sues to halt several Huizar-linked development projects
Shaul Kuba and the now-former redevelopment plan (Credit: Department of City Planning)

CIM to buy Baldwin Hills Crenshaw Plaza, scrap resi redevelopment plan

CIM to buy Baldwin Hills Crenshaw Plaza, scrap resi redevelopment plan
Gov. Newsom and Michael Weinstein (Credit: Justin Sullivan/Getty Images, Charley Gallay/Getty Images)

“We anticipate a tsunami of evictions”: Tenant advocates call on Newsom to tighten rent laws

“We anticipate a tsunami of evictions”: Tenant advocates call on Newsom to tighten rent laws
Eric Garcetti andMichael Weinstein, with the Madison Hotel (Credit: Amanda Edwards/Getty Images, Charley Gallay/Getty Images for Aids Healthcare Foundation, and Google Maps)

AIDS Healthcare Foundation sued over conditions at its Skid Row SRO

AIDS Healthcare Foundation sued over conditions at its Skid Row SRO
Michael Weinstein, the director of the AIDS Healthcare Foundation

It’s back: AIDS Healthcare rental cap bill heads to ballot

It’s back: AIDS Healthcare rental cap bill heads to ballot
Delal Ali

Harbor taps CIM vet Delal Ali to head West Coast

Harbor taps CIM vet Delal Ali to head West Coast
Harridge CEO David Schwartzman faces his second lawsuit over Crossroads Project (Credit: iStock)

Harridge sued a second time over $1B Crossroads of the World project

Harridge sued a second time over $1B Crossroads of the World project
arrow_forward_ios

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

Loading...