109-unit apartment complex is proposed in Palms

Wiseman Residential acquired property parcels last year

Los Angeles /
Nov.November 19, 2020 11:00 AM
10610-10628 West Venice Boulevard (Google Maps)
10610-10628 West Venice Boulevard (Google Maps)

Last year, Wiseman Residential paid a combined $10.6 million for several properties along West Venice Boulevard in Palms.

Now plans have been filed for a 109-unit apartment complex at that location, according to Urbanize. The proposed seven-story development, at 10610-10628 West Venice Boulevard, would seek incentives through the city’s Transit Oriented Communities program. That allows developers to exceed density restrictions and use other entitlements for projects near transit hubs, and that include affordable units.

Plans call for a ground floor with restaurant space and a two-story garage with apartments above. Architecture firm Uriu & Associates is handling design.

The Los Angeles Department of Buildings is reviewing the proposal to demolish three commercial buildings at the site, according to the report.

Wiseman has pursued entitlements through TOC at least once before, for a 77-unit apartment complex in Venice.

That Venice Boulevard corridor has attracted the eyes of developers in recent years. Developer David Neman is building a six-story apartment project about five blocks east on Venice Boulevard. A few blocks northwest on Overland Avenue, Oakmont Capital is working on a 187-unit project. [Urbanize] — Dennis Lynch 


Related Articles

arrow_forward_ios
An aerial view of the development site (Google Maps)
Developer plans 76-unit rental complex in Hollywood
Developer plans 76-unit rental complex in Hollywood
Strategic’s Edward Lorin and Alliant’s Shawn Horowitz with the property (Linkedin, Alliant, Google Maps)
Alliant Capital, Strategic Realty propose 148-unit complex in Canoga Park
Alliant Capital, Strategic Realty propose 148-unit complex in Canoga Park
Martin Muoto and 4238 S. Western Ave. (Credit: Google Maps)
Opportunity Zones developer files for South LA resi project
Opportunity Zones developer files for South LA resi project
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
Ken Kahan and  Ari Kahan of California Landmark Group and the site (Credit: Glenn Koenig/Los Angeles Times via Getty Images, and Google Maps)
California Landmark moves on 112-unit development outside Culver City
California Landmark moves on 112-unit development outside Culver City
Sean Beddoe and 5600 Hollywood Boulevard (Credit: Google Maps)
Bow West wants to build 200-unit tower in Hollywood
Bow West wants to build 200-unit tower in Hollywood
An illustration of David Lee
A boomtown for a bygone era: Koreatown developers face a reckoning
A boomtown for a bygone era: Koreatown developers face a reckoning
Mike Kaplan and the site (Credit: Google Maps)
Multifamily firm Kaplan pays $48M for Warner Center retail site
Multifamily firm Kaplan pays $48M for Warner Center retail site
arrow_forward_ios

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

Loading...