“Over my dead body”: Pan Am Equities’ resi project along LA River gets pushback

Opponents of the 419-unit complex say it would set a dangerous precedent by commercializing a public resource and would fuel gentrification

Sep.September 30, 2019 12:00 PM
A rendering of Pan Am Equities’ proposed Casita Lofts project
A rendering of Pan Am Equities’ Casita Lofts project

A battle is heating up over the future of a development site along the Los Angeles River in Glassell Park.

Pan Am Equities wants to build its 419-unit Casita Lofts  complex on a parcel at the entrance to the future 18-acre Bowtie State Park. Local organizations are feuding over concerns it would commercialize the park area and fuel gentrification in the vulnerable location, according to the Los Angeles Times.

“Over my dead body will we see 419 apartment units go up at the entrance to a state park we fought so long and hard for,” said Julia Meltzer, founder of Clockshop, according to the Times. The group is an arts organization that runs programs at the park and has acted as a steward for the last couple decades.

The city hasn’t approved Pan Am’s project, but it has the support of the local City Councilman, Gil Cedillo, who said the developer would clean up the site and provide a welcomibng entrance to the park at no cost to the city.

Cedillo also said the project provides much-needed housing for the region, although he acknowledged that the 35 units Pan Am wants to reserve for low-income renters was not enough. By some counts, L.A. County is short half a million affordable units.

Besides her concerns that it would fuel market-rate development and gentrification in the area, Meltzer said it would set a dangerous precedent by allowing a private developer to profit from public planning and investment in the site, according to the Times. [LAT]Dennis Lynch

Related Articles

Crown Realty & Development CEO Robert Flaxman (Credit: Getty Images)

Singin’ the Varsity Blues: Developer Robert Flaxman sentenced in admissions scandal

1181 N. Hillcrest Road LLC President Bruce Makowsky and 1181 N. Hillcrest Road

Developer Bruce Makowsky asked associates to violate campaign ethics law, city officials say

William McMorrow, Todd Boehl, Sunset North building in Bellevue (Credit: Getty Images)

Kennedy Wilson receives $300M investment, announces new $1.5B target for West Coast fund

Frank Lloyd Wright, Ron Burkle, and the Ennis House

Billionaire Ron Burkle sells Frank Lloyd Wright-designed home at record price

The city of LA wants to rewrite the book on parking (Credit: iStock, Wikipedia)

No Parking Zone: LA seeks to hide garages amid development boom

Do pocket listings have their place in the LA market?

6277 E. Slauson Avenue, and from left: Prologis CEO Hamid Moghadam and Rexford Industrial co-CEOs Howard Schwimmer and Michael Frankel (Credit: Google Maps)

Rexford buys industrial property from Prologis for $41M

A rendering of FlyAwayHomes’ HHH project in South LA and Mayor Eric Garcetti, who led the push to approve Prop HHH.

LA has now funded 8.5K units of affordable housing through $1.2B bond