Goldrich Kest wins appeal for 129-unit apartment complex in Studio City

City Council lets developer move forward with plans for six-story building by the LA River

Golden Kest Wins Appeal for 129 Apartments in Studio City
Goldrich Group's Barry Cayton; rendering of 4260 North Arch Drive (Getty, Lahmon Architects)

UPDATED Dec. 20, 11:35 A.M.: Goldrich Kest has beat back an appeal by a labor group trying to block its 129-unit apartment complex in Studio City.

The Los Angeles City Council voted to back the Culver City-based developer’s plans to build the six-story building at 4260 North Arch Drive along the Los Angeles River, Urbanize Los Angeles reported.

Supporters Alliance for Environmental Responsibility, an affiliate of Laborers International Union of North America Local 270, had appealed the project approved by the city’s Planning Commission.

The labor group had urged the council to delay the project pending further environmental review of impacts from air quality and noise. A city staff report recommended the city deny the appeal, citing a lack of evidence.

Plans for the complex, known as The Crescent, call for a six-story complex with 129 studio, one-, two- and three-bedroom apartments. A two-level underground parking garage would serve 45 cars. 

Goldrich Kest seeks density bonus incentives to allow a larger building than allowed by zoning rules in exchange for setting aside 17 affordable apartments for very low-income households.

The white apartment building, designed by Culver City-based Lahmon Architects, would include balconies behind floor-to-ceiling windows, with rooftop terraces rising up from the river, according to a rendering. It would also include an entrance to a future river bike path.

Sign Up for the undefined Newsletter

The complex would include a club room, media room, business center and an outdoor kitchen, pool and spa.

The project is the first ground-up development in 15 years for Goldrich Kest, which is best known for building apartment complexes in Marina del Rey, according to Urbanize. Goldrich Kest also plans to build an 84-unit complex next to the historic Hotel Green in Pasadena. 

The company was founded in 1957 by its namesakes Jona Goldrich and Sol Kest, who died in 2016 and 2010, respectively. Members of their families continue to be involved with the firm.

Also known as GK, the company manages 132 apartment buildings with 15,204 units, five marinas with 2,087 boat slips, 22 senior living facilities with 4,168 beds and more than 7 million square feet of commercial, retail and industrial properties, according to its LinkedIn page. Among the apartment buildings are 71 properties for low-income families. 

— Dana Bartholomew

Update: a previous version of this article misstated the developer’s title. It is Goldrich Kest, not Golden Kest.

Read more

Commercial
Los Angeles
Goldrich Kest names new CEO following big year of multifamily purchases
Commercial
Los Angeles
Goldrich Kest pays Miami developer $52M for multifamily complex in Hollywood
Olympic-Barrington Partnership Eyes 51 Units in Studio City
Residential
Los Angeles
Olympic-Barrington Partnership plans to build 51 apartments in Studio City
Recommended For You