waystem93 blog

A local real estate investor has filed updated plans with the City of Los Angeles to redevelop a commercial building in Hollywood with a multifamily residential complex.

The project, slated for a property at the northeast corner of Santa Monica Boulevard and St. Andrews Place, would consist of a six-story building featuring 60 residential units - including six apartments which would be set aside as extremely low-income housing.

Applicant Bang Ja Kim is seeking entitlements for the project through the Transit Oriented Communities guidelines, with requests for a height increase and a reduction in required open space in exchange for providing affordable housing.

Kim received entitlements earlier this year to construct a smaller 50-unit apartment building at the same site.

A rendering of the proposed development by PQNK Architecture portrays a contemporary low-rise structure capped by a roof deck.

The project site is located across the street from Paseo Plaza, a proposed mixed-use complex from CIM Group which would feature 375 apartments and 370,000 square feet of commercial space.