Saturday, December 20, 2014

Mid-Rise Office Building Breaks Ground in Hollywood

With the end of 2014 fast approaching, construction has finally started on one of Hollywood's most controversial developments.

Earlier this month, the J.H. Snyder Company broke ground on 1601 Vine Street, an eight-story office tower slated for the former site of Molly's Burgers.  The $70 million project, designed by architecture firm Gensler, will consist of approximately 110,000 square feet of Class-A office space, a 2,000-square-foot ground-level retail stall, and 174 underground parking spaces.  The potentially LEED Gold-certified development is scheduled for delivery in 2016.

1601 Vine Street is the third major office complex to break ground near the Hollywood/Vine subway station since 2013, joining campus-style projects from Kilroy Realty and Hudson Pacific Properties.  Office development has thrived in Hollywood during the past several years, despite the overall sluggish performance of the Los Angeles market.  The neighborhood's most recent coup came in the form of media giant Viacom, which will consolidate its Southern California operations within 180,000 square feet of the Columbia Square complex.

Hollywood's office boom has been accompanied by equally impressive performances from the residential and hospitality sectors.  Houston-based Camden Property Trust is currently in the midst of construction on a mixed-use development directly across the intersection from Snyder's project.  West along Selma Avenue, local developer Five Chairs broke ground this past Spring on the 180-room Dream Hollywood.  Additional boutique hotels are slated for nearby properties along Cahuenga Boulevard and Wilcox Avenue.

Thursday, December 18, 2014

Big Infill Development Planned Near North Hollywood Station

Even as Metro's bold plan for a high-rise complex atop North Hollywood Station remains dormant, other nearby property owners are picking up the development slack.

Earlier this month, the Redondo Beach-based Urbanest Group filed plans with the city to construct a new residential-retail complex at 11120 West Chandler Boulevard.  The proposed development would rise from a currently vacant one-acre lot, creating two five-story buildings with a cumulative 329 dwelling units and 4,500 square feet of ground-floor retail and restaurant space.

The development site sits immediately east of the NoHo Commons, a large residential, retail and office development which was spearheaded by the defunct Community Redevelopment Agency.  The project, while controversial at the time, appears to have achieved its goal of spurring additional development throughout the North Hollywood community.

In addition to the proposed mixed-use complex at 11120 Chandler Bouelvard, a four-story hotel is planned three blocks east at the intersection of Tujunga Avenue and Weddington Street.  Several smaller multi-family residential developments are planned on block located north of Chandler Boulevard.

Wednesday, December 17, 2014

Sawtelle Japantown Getting More Mixed-Use

More development is slated for the freshly rebranded Sawtelle Japantown.

According to an early December case filing from the Department of City Planning, a new residential-retail complex is proposed for the corner lot at 1854 South Sawtelle Boulevard.  Plans call for a five-story structure, consisting of 23 apartments, two ground-floor live-work units, four above-grade parking levels and two underground parking levels.  The new building would replace a century-old bungalow, one of the few remaining single-family dwellings along the bustling commercial corridor.

With a cumulative six floors of garage space, the proposed development is clearly informed by the parking crunch which frequently envelops the residential neighborhood to the west.  Customers of trendy restaurants located on Sawtelle Boulevard often inundate street parking on adjacent blocks, leading some homeowners to call for the creation of a preferential parking district.

Tuesday, December 16, 2014

Affordable Housing Planned for Crenshaw Boulevard

Crenshaw Villas Apartments (Image: American Communities, LLC)

As excavation for the $2-billion Crenshaw Line continues to frustrate business owners and motorists alike, two locally-based non-profit organizations are working to build affordable housing near the light rail line's forthcoming northern terminus.

Los Angeles-based American Communities, LLC has filed plans with the city to build a low-rise complex known as the Crenshaw Villas Apartments.  The project would replace an existing commercial building at 2631-2645 Crenshaw Boulevard.

Plans call for a five-story structure containing 50 one-and-two-bedroom apartments, 3,500 square feet of ground-floor retail space and 36 parking stalls in a partially underground garage.  Residential units would be reserved for low-income seniors who earn less than half of the city's median household income.

Monday, December 15, 2014

First Look at the Re-redesigned Park Fifth

Image: DLANC

Less than one year after unveiling substantially downsized plans for Downtown's erstwhile Park Fifth site, developer MacFarlane Partners has opted to rework the entire project.  The San Francisco-based investment management firm will give a first glimpse of the redesigned - and slightly upsized - development program to the Downtown Los Angeles Neighborhood Council's Planning and Land Use Committe this Tuesday.

Like the previous Harley Ellis Devereaux-designed proposal, the retooled Park Fifth complex will consist of mid-rise and high-rise components.  However, the new design from Portland-based Ankrom Moisan Architects features minor changes to the overall specs of the project, including an increase in proposed residential density from 615 to 660 apartments and a decrease in cumulative commercial area from 17,000 square feet to slightly under 14,000 square feet.

Moisan's new design calls for several alterations to Park Fifth's 24-story tower, which is slated for the corner of Fifth and Olive Streets.  The proposed building's peak height has increased to 255 feet above-grade, as well as its width in a north-south direction.  Unlike in the earlier plan, the high-rise building will comprise the bulk of the Park Fifth's residential density, featuring 348 apartments and roughly 5,800 square feet of ground-floor commercial uses.  The tower will be "similar in feel," to other Moisan-designed projects, which include South Park's Luma and Elleven condominium complexes.

Hollywood Cherokee Apartments Get a Redesign

A draft environmental impact report recently published by the Los Angeles Department of City Planning has unveiled a new look for the proposed Hollywood Cherokee Apartments.  The mixed-use development from Los Angeles-based Champion Real Estate is slated for a 1.14-acre parking lot located just north of Hollywood Boulevard, between Las Palmas and Cherokee Avenues.

The Hollywood Cherokee complex entails a four-to-six-story building, featuring 224 studio, one-and-two-bedroom units above nearly 1,000 square feet of ground-level commercial space.  Twenty-four of the building's residential units would be reserved for very-low income individuals.

Plans call for a standard array of residential amenities, including a gym, a swimming pool, a rooftop deck and a community room.  The apartments would also offer parking accommodations for up to 305 vehicles and 252 bicycles, contained within a four-level, partially underground garage.

Thursday, December 11, 2014

Work Quietly Starting on Downtown Condo Projects

In response to the resurgent Downtown Los Angeles condo market, a new wave of for-sale housing is quietly taking off in the South Park neighborhood.

On Thursday, workers installed protective fencing around the half-acre parking lot at 1050 South Grand Avenue, future home of a $100 million condominium tower from developer Trumark Urban.  The 24-story building, designed by local architecture firm HasonLA, will contain 151 residential units above a retail and parking podium.  One laborer at the development site stated that construction is scheduled to commence before the end of December.  However, previous coverage from the Downtown News points to an early 2015 start date.

The project, formerly known as the Glass Tower, originally received approvals in 2007.  However, like many other Downtown condominium developments, the tower found itself unable to move forward in the midst of the global recession.