Tiger West upsizes Hancock Park apartment project

Developer now wants to build 63 units, with a portion set aside as affordable

Los Angeles /
Jul.July 28, 2021 10:45 AM
Tiger West founder Daniel Farasat with the location for the project (Google Maps, Tiger West)
Tiger West founder Daniel Farasat with the location for the project (Google Maps, Tiger West)

Tiger West Capital wants to add nearly 25 units to its planned Hancock Park apartment project, seeking the change through the city’s Transit-Oriented Communities program.

Increasing the unit count to 63 at the 7000 Melrose Avenue project would also mean setting aside an additional amount as affordable, according to Urbanize.

The new proposal includes 6,600 square feet of ground-floor retail space and three levels of underground parking.

Tiger West plans the apartments as a mix of one- and two-bedroom units. The TOC program allows developers to exceed certain parameters set by zoning in exchange for reserving a percentage of units as affordable in a development near transit. The general minimum is 10 percent of total units. In this case, going from 40 to 63 would likely require an additional two or three units be set aside as affordable.

Mika Design Group’s design for Tiger West’s new project is a U-shaped building of six stories around a central courtyard. Plans call for a rooftop pool and deck area.

[Urbanize] — Dennis Lynch





    Related Articles

    arrow_forward_ios
    Harbor Group International's Jordan Slone and Principal Financial Group's Daniel Joseph Houston with 3150 Wilshire Boulevard (Harbor Group International, LinkedIn, Google Maps)
    Principal Financial sells Koreatown apartments at a loss
    Principal Financial sells Koreatown apartments at a loss
    From left: Neil Shekhter and WSC Communities' Scott Walter with 2901 Santa Monica Boulevard (Google Maps)
    WSC lists three builder’s remedy-approved projects in Santa Monica
    WSC lists three builder’s remedy-approved projects in Santa Monica
    TRJLA's Kevin Chen and rendering of major Chinatown project (Loopnet, Getty, Linkedin)
    Kevin Chen’s TRJLA lists major Chinatown project
    Kevin Chen’s TRJLA lists major Chinatown project
    12507 San Fernando Road
    Developer plans 100-unit apartment complex near Metrolink in Sylmar
    Developer plans 100-unit apartment complex near Metrolink in Sylmar
    From left: Onni Group's Innocenzo De Cotiis and Moss & Company's Chris Gray with 11460 Gateway Boulevard
    Onni Group pays $65M for West LA site with entitlements
    Onni Group pays $65M for West LA site with entitlements
    The Van Nuys apartment building at 7115-31 Van Nuys Boulevard in Van Nuys (City of LA Planning, Getty)
    Another big apartment complex planned for Van Nuys
    Another big apartment complex planned for Van Nuys
    Grubb Properties CEO Clay Grubb along with 1200-1218 North Vine Street and 6245-6247 West Lexington Avenue (Grubb Properties, Getty Images, LoopNet, Google Maps)
    Grubb Properties enters Hollywood multifamily market
    Grubb Properties enters Hollywood multifamily market
    Target's Brian Cornell and Grubb Properties' Clay Grubb with 1000 South Vermont Avenue (Target, Clay Grubb, Google Maps)
    Target to open store at multifamily development in Koreatown
    Target to open store at multifamily development in Koreatown
    arrow_forward_ios

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

    Loading...