Greenbridge Investment plans 169-unit tower in Koreatown

Prefab 17-story tower would rise above Wilshire/Normandie Metro station

TRD LOS ANGELES /
Sep.September 30, 2020 11:00 AM
Fareed Kanani and Sean Hashem, with a rendering of the project (Credit: HED via Urbanize, and Greenbridge)
Fareed Kanani and Sean Hashem, with a rendering of the project (Credit: HED via Urbanize, and Greenbridge)

Greenbridge Investment Partners wants to build a 169-unit mixed-use tower in Koreatown.

The Beverly Hills-based developer is planning the 17-story building to include 14,000 square feet of commercial space at 3500 Wilshire Boulevard, according to Urbanize. The commercial portion would be on the first two floors.

The tower is designed with prefabricated modular units made in the neighborhood, according to the report.

Greenbridge intends to make use of available entitlements through the city’s Transit Oriented Communities program and will set aside 20 units as affordable.

The development site is essentially directly above the Wilshire/Normandie Metro station, making it a rare opportunity to claim the most significant bonuses available through the TOC program’s transit proximity-based tiered system.

Along with claiming a density bonus, Greenbridge wants to waive its on-site residential vehicle parking requirement through TOC, although it will include 47 parking spaces for commercial uses.

Architecture firm HED is designing the project. Renderings show a podium-style building with decks on both the podium roof and tower roof. The podium deck includes a swimming pool.

The property is only about 10,300 square feet on the southwest side of Wilshire Boulevard and Normandie Avenue. It is currently home to a 16,600-square-foot building built in 1956.

Greenbridge’s project is less than a block away from where prolific developer Jamison Services is planning a 428-unit residential complex and less than a mile away from Jamison’s recent 260-unit new construction proposal at 3020 West Wilshire Boulevard. [Urbanize] ­­— Dennis Lynch


Related Articles

arrow_forward_ios
Forme Development President Damon Chan and rendering of 550 Shatto Place (Forme, Gensler via Urbanize)

Going up: Koreatown tower project developers boost plans

Going up: Koreatown tower project developers boost plans
Herb Wesson (top) and Curren Price with a rendering of 3800 W 6th Street (Linkedin, Twitter, Large Arch)

LA officials backtrack on aid for Koreatown hotel project

LA officials backtrack on aid for Koreatown hotel project
Cypress CEO Michael Sorochinsky and 2217-2235 West Sunset Boulevard (Credit: Google Maps)

Cypress Equity plans 176-unit complex in Echo Park

Cypress Equity plans 176-unit complex in Echo Park
2107-2121 Westwood Boulevard

Japanese investment firm proposes apartment complex in West LA

Japanese investment firm proposes apartment complex in West LA
The development site for the planned 207-unit complex (Credit: Google Maps)

Mapleton Properties plans 207-unit complex in Palms

Mapleton Properties plans 207-unit complex in Palms
A rendering of the project (Credit: Yorkwood, LLC)

Developer plans 137-unit complex in Hollywood

Developer plans 137-unit complex in Hollywood
944-952 S. Dewey Avenue (Credit: Google Maps)

Anaheim developer plans 51 units for Koreatown

Anaheim developer plans 51 units for Koreatown
West 8th Avenue on South Park View Street (Credit: Google Maps)

John Safi plans 264-unit project in Westlake

John Safi plans 264-unit project in Westlake
arrow_forward_ios

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

Loading...