Los Angeles officials are hoping to redevelop two city-owned lots in Leimert Park Village with residential projects, as it continues to battle a housing crunch.
The city will seek developers for the adjoining sites located near the Crenshaw/LAX Line, which is set to open next year, Urbanize reported. The lots are located at 3416 W. 43rd Street and 4300-4326 S. Degnan Boulevard.
City Council President Herb Wesson called for city agencies to issue a request for information for potential developments there. His motion pointed to a study that found “potential market demand for residential, retail, and office in the area surrounding Leimert Park Village.” Residential was found to be the highest performing option, and it will most likely be the use on both properties, according to the report.
Leimert Park is in South L.A. between Western Avenue and Crenshaw Boulevard. The soon-to-open Metro line has brought increased investment to the area. Brasa Capital Management is planning to build a 62-unit live-work property in Leimert Park, and Olson Homes is also building a 38-unit condo building in the same area. [Urbanize] — Gregory Cornfield