Monday, March 2, 2015

Luxury Apartments to Rise in Brentwood

A pair of vacant mid-century residential buildings in Brentwood will soon meet with the wrecking ball, to be replaced by a modern rental development.

Later this month, Elite Real Estate will begin work on a luxury apartment complex at 11965 Montana Avenue.  The five-story development, designed by an in-house architect, would comprise 49 residential units and amenities including a pool and a rooftop deck.  The proposed building would occupy an approximately half-acre site, located mid-block between Bundy Drive and San Vicente Boulevard.

Plans call for a mixture of two- and three-bedroom dwellings, each averaging approximately 1,600 square feet in size.  Rents in the low-rise complex will average $4,750 per month, excluding four units reserved for low-income households.

Demolition of the existing structures at 11965 Montana Avenue is scheduled to begin in one week, with all materials expected to be harvested and reused.  Construction of the new building is expected to occur over one-and-a-half years, with delivery currently scheduled for the third quarter of 2016.

Friday, February 27, 2015

Updated Look for Proposed Arts District Development

1800 E 7th (All images: HansonLA)

Architecture firm HansonLA has revealed an updated look for 1800 East Seventh Street, a proposed mixed-use development in the southern Arts District.

The seven-story complex, which is planned by a limited liability corporation known as Elm Tree Investments, would feature 125 live-work apartments and 8,000 square feet of ground-floor retail space.  Proposed amenities include 500 square feet of artist's production space, outdoor gardens on the building's second and roof levels, and two floors of underground parking.

Located at the intersection of Seventh and Decatur Streets, the project is strongly influenced by the Arts District Live/Work Zone, a proposed zoning overlay which seeks to guide the neighborhood's future development.  While the proposed overlay declines to strictly address building aesthetics, it does encourage the construction of live-work units in new most new residential complexes.  Consequently, plans for 1800 East Seventh Street call for a minimum of 150 square feet of work space in each apartment.

An exact timeline for the low-rise complex is currently unclear.  It is one of several developments currently planned along Seventh Street, including the revived AMP Lofts and the adaptive reuse of a factory which once served as the Southern California headquarters of the Ford Motor Company.

Thursday, February 26, 2015

Shabby Section of Palms Getting Mixed-Use Development

The Roy @ Overland

According to a mitigated negative declaration published by the Los Angeles Department of City Planning, an approximately half-acre site in Palms may birth to a new mixed-use development

Plans were filed with the city last December for the Roy @ Overland, a six-story residential-retail complex at 3644-3658 South Overland Avenue.  The project, slated to replace a series of one-story commercial structures, would include 92 residential units, roughly 1,600 square feet of ground-floor restaurant space, and an underground garage with parking accommodations for 105 vehicles and 109 bicycles.

The proposed low-rise building would offer a mixture of studio, one- and two-bedroom apartments, including eight units reserved for very low income households.  These uses would be supplemented by amenities such as a fitness center and an open-air roof deck.  Additional open space would be created by private balconies in over half of the the apartments.

Designs for the project from Killefer Flammang Architects (KFA) call for strong vertical and horizontal elements.  Like a similar KFA-designed project on Motor Avenue, the Roy's street-fronting facade would open to a central courtyard.  The private gathering space would be situated on the building's second level, offering greenery, outdoor seating and water features.

Construction of the mixed-use development is expected to occur over approximately 18 months, with full occupancy anticipated in 2017.  A groundbreaking for the project is contingent on multiple discretionary approvals from the City of Los Angeles, including two on-menu density bonus incentives.

Tuesday, February 24, 2015

Luxury Apartments Opening in Hancock Park

Last week, Alliance Residential announced the opening of Broadstone Candara, a 103-unit luxury apartment complex in Hancock Park.  The project, located at 738 Wilcox Avenue, is situated close to Larchmont Village, the Wilshire Country Club, Melrose Avenue and Paramount Studios.

Designed in the Spanish Colonial Revival style by Santa Monica's DFH Architects, Broadstone Candara is reminiscent of the distinguished residences of Hancock Park.  The complex's Moorish-inspired interior design complements the Spanish-themed exterior architecture with amenities like that of a boutique hotel.

The luxury development includes an wide array of creative-themed common areas, including a residential lounge, outdoor garden and a rooftop terrace.  Design work by H. Hendy Associates features detailed oversized furniture, intricate tile work and dramatic lighting. 

Residential interiors were designed by Ariel Fox, with high-quality finishes such as granite counters, hotel-style fixtures and grained wood floors.  Each unit also offers high-speed internet, electric mesh shades and private storage space.

Broadstone Candara includes a variety of eco-friendly design features, allowing the project to seek LEED Silver Certification.  The development includes studio, one- and two-bedroom dwellings with rents ranging from $2,325 to $5,920 per month.

Monday, February 23, 2015

Apartments Headed for Marina Del Rey Arts District

Image: PK Architecture

According to an agenda from last week's meeting of the Del Rey Neighborhood Council's Community Planning, Traffic and Transportation Committee, a large mixed-use complex is planned in the Del Rey Arts District.

California Landmark, the developer of several loft projects in the neighborhood, intends to construct another low-rise residential development on a current parking lot at 4210 Del Rey Avenue.  Plans the approximately two-acre property call for a five-story structure, containing 134 dwelling units and slightly under 15,000 square feet of office space.  The apartment complex, to be known as D1 Living, would also offer 359 parking spaces for use by residents and tenants of an adjacent office building.

A case filing from the Los Angeles Department of City Planning states that California Landmark has requested a 35% density bonus, indicated that subsidized housing will be included in the development.

The project is being designed by Woodland Hills-based PK Architecture, a firm has collaborated with California Landmark on several of their other Del Rey developments.  Elevation plans included with the presentation indicate that the low-rise structure would be clad with plaster, glass and metal screening.  The building would be centered around two courtyards, with further open space provided by a rooftop amenity deck.

An exact construction timeline for D1 Living is currently unclear.  Records from the Los Angeles Department of Building and Safety currently show no permit applications on file.

Saturday, February 21, 2015

Shiny New Renderings Released for Figueroa Central

Figueroa Central (All images: Oceanwide Holdings Group)

New renderings have emerged for Figueroa Central, the skyline-altering mixed-use complex which recently broke ground across the street from Staples Center.

The $1 billion development from Beijing-based Oceanwide Holdings Group will create three high-rise towers, offering 504 luxury condominiums and a five-star hotel.  Long envisioned as the retail complement to the restaurants and entertainment venues of LA Live, Figueroa Central will contain approximately 200,000 square feet of commercial space within a two-level open-air galleria.

Designs for the project by architecture firm RTKL call for some of the tallest residential buildings in Los Angeles.  The 49-story North Tower, rising 677 feet above street level, will include a 183-key hotel and 164 condominiums.  As first reported by DTLA Rising, the five-star inn will feature the first American outpost of the opulent Cavalli Club, in addition to celebrity-chef restaurants and a luxurious spa.

Figueroa Central's twin South Towers will each rise 40 stories, peaking 530 feet above ground.  Plans call for 170 condominiums in each of the buildings, perched above an elevated private park with greenery and playground space for residents.  The towers' seven-story podium would feature nearly 1,000 parking spaces, obscured from view by a 32,000-square-foot LED ribbon which is being called the largest on the West Coast.  The project would also include an additional 480 parking stalls on subterranean levels.

Oceanwide Holdings currently anticipates sales of the condominium units to commence in 2017, with the full project expected to open in 2018.

Friday, February 20, 2015

Another Office Complex Begins Work in Playa Vista

Google's impending arrival in Playa Vista has set off a monumental shift in the West Los Angeles office market.  After years of searching for space in traditional creative hubs such as Santa Monica and Venice, numerous tech firms are now looking further south in order to situate themselves closer to the Bay Area heavyweight.  With this changing landscape in mind, a New York-based developer has broken ground on a speculative office complex directly across the street from Google's future twelve-acre campus.

According to commercial real estate publication Bisnow, Tishman Speyer is currently in design development for 407,000 square feet of office space Playa Vista Parcels 1 and 2.  The project, slated for completion in late 2016, will be split between five- and six-story structures at 12126 and 12099 West Waterfront Drive.  As of this week, preliminary grading and site preparation is underway for both of the low-rise buildings.

The speculative development begins work as Tishman Speyer nears completion on a nearby campus-style project known as the Collective at Playa Vista.  Slightly over 130,000 square feet of the five-building complex is already leased, thanks to Yahoo's recent decision to relocate from its current Santa Monica operations.  Bisnow also reports that Tishman Speyer is in negotiations with 72,000-square-foot tenant who would bring the development to full occupancy.