Developer plans 42-unit apartment complex in Westlake

Leo Lee proposes clearing auto shop, flower kiosk for mixed-use complex at Beverly and Alvarado

Los Angeles /
Apr.April 22, 2022 11:17 AM
The development site at 2306 Beverly Boulevard and 106 South Alvarado Street (Google Maps)
The development site at 2306 Beverly Boulevard and 106 South Alvarado Street (Google Maps)

A developer wants to demolish an auto repair shop and build an eight-story, 42-unit apartment complex in Westlake.

Leo Lee, based in Los Angeles, has filed plans to build the mixed-use housing project at 2306 Beverly Blvd. and 106 S. Alvarado St., Urbanize Los Angeles reported. The project would also clear away a corner kiosk that sells flowers.

The apartment complex would be built atop 1,200 square feet of ground-floor shops and restaurants, plus semi-subterranean parking for 36 vehicles.

EWAI Architects, based in Koreatown, has designed the contemporary building, which includes a podium for ground-floor retail. Plans call for a rooftop deck, fitness center, and a recreation room.

Lee has requested entitlements through Transit Oriented Communities incentives for greater height and reduced setbacks than zoning allows in exchange for four affordable units for households of extremely low-income.

The proposed complex would be built a few blocks west of where Cityview is now building a 243-unit, mixed-use apartment complex at 1800 Beverly Blvd.

In 2020, Lee sought to develop a 21-story condominium and hotel complex on 6th Street in Koreatown, but scuttled the project after failing to secure financial incentives from the city to subsidize the 192-room Hyatt Centric hotel.

The City of Los Angeles backed out of the deal after officials were reminded about a tax dispute the city had with the developer in 2010, when the city sued Lee for failing to pay its share of local taxes. A judge determined Lee owed the city $3.5 million. The city and Lee settled two years later and Lee paid $2.6 million to the city.

[Urbanize Los Angeles] – Dana Bartholomew





    Related Articles

    arrow_forward_ios
    Optimus Properties co-founders Kamyar Shabani and K. Joseph Shabani with the property at 4256 W. 2nd Street in Koreatown (Optimus Properties LLC, RentCafe)
    Optimus Properties buys seven apartment buildings in core of LA
    Optimus Properties buys seven apartment buildings in core of LA
    A photo illustration of the planned Vermont Lofts project at 966 South Vermont Avenue (SO.LA, Inc., iStock)
    Goodbye Dragon, hello housing: Yet another apartment complex planned for Koreatown
    Goodbye Dragon, hello housing: Yet another apartment complex planned for Koreatown
    Rendering of 2641 West Olympic Boulevard (CORbel Architects)
    K-town developer envisions new hotel on Olympic
    K-town developer envisions new hotel on Olympic
    Jamison's Jaime Lee and a rendering of 626 South Kingsley Drive (LA City Planning, Connect Conferences)
    Jamison’s latest Ktown project gets planning OK
    Jamison’s latest Ktown project gets planning OK
     1933 South Broadway (Loopnet, iStock)
    Ara Tavitian scores $150M refi on The Reef in DTLA
    Ara Tavitian scores $150M refi on The Reef in DTLA
    3377 West Olympic Blvd (Google Maps)
    K-Town developer proposes 7-story apartment complex
    K-Town developer proposes 7-story apartment complex
    Wood Partners' Joseph Keough with Foothill Boulevard (Wood Partners, Ontario Daily Bulletin. iStock)
    260-unit apartment complex gets OK on Route 66
    260-unit apartment complex gets OK on Route 66
    A rendering of 1807 Broadway in Santa Monica (Rios)
    Developer aims for apartments with cultural space in Santa Monica
    Developer aims for apartments with cultural space in Santa Monica
    arrow_forward_ios

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

    Loading...