Tuesday, April 22, 2014

Mixed-Use Camden Hollywood Ready to go Vertical

Blink and you'll miss the departure of yet another Hollywood parking lot.  Located at the the southeast corner of Vine Street and Selma Avenue, this dirt pit is the future site of the Camden Hollywood, a $140 million mixed-use development from the Houston-based Camden Property Trust.  Designed by seemingly ubiquitous TCA Architects, the Camden Hollywood will rise seven stories, containing 287 market rate apartments and just under 40,000 square feet of ground floor commercial space.  Future residents at 1540 Vine Street could easily leave their cars behind, with the Red Line's Hollywood/Vine Station located just one block north.  Although, with a 750-stall garage located underneath the building, it doesn't seem like Camden expects many tenants to make that lifestyle change.  Earlier renderings portrayed Equinox Fitness as the building's ground floor tenant, but it is unclear if the luxury health club chain is still involved with the development.  The current project is noticeably smaller than Camden' original proposal for the site, which would have risen 11 stories and featured a ground floor Whole Foods Market.

Monday, April 21, 2014

First Renderings of Mack Urban's South Park Development

Although Mack Urban's upcoming South Park developments bring the exciting potential for new high-rises near the AT&T Center, the project also features a substantial low-rise component along Pico Boulevard.  Here is a first look, thanks to a presentation from the DLANC website.  Set to rise on adjacent parking lots between Olive and Hill Streets, this phase of the project consists of two seven-story buildings containing 360 condominiums and approximately 6,400 square feet of ground floor commercial space.  Designed by AC Martin Partners, the project features 23 townhouse units, in addition to standard residential amenities such as an outdoor pool and an on-site gym.  Residents will be served by a 382-car garage, with vehicular ingress and egress provided via an alley way at the center of the project site.  Automobile accommodations will be supplemented by 403 bicycle parking spaces.  This section of Pico Boulevard, currently surrounded by surface parking lots and nondescript commercial buildings, is poised for significant changes in the near future.  Besides Mack Urban's low-rise project, similar mixed-use developments are in the works from Jade Enterprises, the Wolff Company, and 4D Development.

Astani's Latest Westlake Mixed-User Revealed

Image Credit: Astani Enterprises

The resurgent Westlake neighborhood is about to get another influx of market rate units, this time courtesy of Sonny Astani.  As reported by the Downtown News, the Beverly Hills-based developer plans to start construction later this year on Valencia, a mixed-use development to be located at 1501 Wilshire Boulevard.  Designed by Santa Monica-based Killefer Flammang Architects, the six-story building will contain 218 apartment units, 18 of which shall be reserved for low income households.  The project will also feature 4,400 square feet of street level retail and a 253-car garage.  Valencia utilized the city's bicycle parking ordinance to receive a 10% reduction in the required number of vehicle parking spaces.  The $60 million development will require the demolition of several low-rise commercial structures that currently occupy the 1.5 acre parcel at Wilshire and Valencia Avenue.

Astani's project arrives as the long neglected Westlake neighborhood is witnessing a revival of construction activity at all ends of the specturm.  One block east of Valencia, Good Samaritan Hospital is currently in the midst of an $80 million expansion project.  North of the hospital, Holland Partners intends to break ground this year on a 648-unit development at the corner of Bixel Street and Lucas Avenue.  The Seattle-based company also completed a 210-unit building at 1111 Wilshire Boulevard in early 2013.  Further west, Metro and developer McCormack Baron Salazar are planning the second phase of an affordable housing project on the land above Westlake/MacArthur Park Station.

Friday, April 18, 2014

LA's First Dream Hotel Finally Starts Work

According to a March report from Gray Construction, LA-based developer Five Chairs has broken ground on their long stalled hotel project near the intersection of Selma Avenue and Cahuenga Boulevard.  As a few keen observers have noticed, the shabby two-story parking structure which previously stood at 6417 Selma Avenue was quietly demolished earlier this year.  In its place will rise the Dream Hollywood Hotel, containing 182 guest rooms above street level commercial space.  Designed by Santa Monica's Killefer Flammang Architects, the 10-story Dream Hollywood will stand 125 feet tall, similar in height to many nearby historic structures.  The mid-rise building will feature a rooftop restaurant, banquet space, and a two-level parking garage.  An alley way on the eastern side of the project site will be transformed into a "lively outdoor dining and retail street."  The $45 million project will be the first West Coast location for the trendy Dream Hotel chain, a Wyndham brand based out of New York.  Last months' groundbreaking marks the end to six years of arrested development for Five Chairs, which first received approvals for a slightly smaller hotel project at the same location in 2008.  The report from Gray Construction indicates that work on the Dream Hollywood is expected to be complete in September 2015.

Wednesday, April 16, 2014

Shiny New Renderings of the City Market Mega-Development

Take a look at the latest renderings for City Market, the Fashion District mega-development which proposes to transform a century-old produce market into a 10-acre mixed-use campus.  Comprised of 14 development sites roughly bounded by 9th, 12th, San Julian and San Pedro Streets, City Market would create more than 1.9 million square feet of programmed space.  Designed by HansonLA, plans call for 945 units of new housing, a 210-room business class hotel, and 225,000 square feet of ground level retail and restaurant space.  On the southern end of the project site, ground-up construction and the adaptive re-use of existing buildings would create nearly 300,000 square feet of office space.  Known as "City Market South," this segment of the development would be a "symbiotic mixture of creative office, unique food and beverage, and destination retail."  Renderings from HansonLA portray a cluster of re-purposed warehouse buildings centered around a pedestrian friendly central courtyard (see below).  The northern end of the project site would feature a mid-rise urban campus for one or more creative arts colleges, providing space for over 1,400 students.

Studio City Office Building Going Residential

Adaptive re-use...in the Valley?  Apparently so.  According to an environmental notice published by LADCP last week, the mid-century office building at the southwest corner of Riverside Drive and Lankershim Boulevard is going condo.  Plans from the Sterling Real Estate Group call for converting the seven-story structure into 56 residential units and just over 11,000 square feet of ground floor retail space.  The condo development would provide parking for 163 vehicles in an existing surface lot.  Plans drawn up by Killefer Flammang Architects in 2007 dubbed the project "Riverside Village." Those designs featured windows shaded by solar panels, a 7th floor mezzanine, and an 8th floor penthouse.  However, last week's environmental notice indicates that some of those elements may no longer be part of the project.  Located at 10850 Riverside Drive, the project is situated midway between two Metro Red Line Stations and adjacent to the 134 freeway.  Perhaps walkable North Hollywood is starting to extend its footprint south.

Tuesday, April 15, 2014

G12 Preparing to Start Work

It must be a nice time to own a business that rents temporary construction fencing.  Last week, a couple of Downtown parking lots were closed off, making way for new mixed-use projects on 9th Street and Olympic Boulevard.  We can now add a third surface lot to that tally, as the phase one site of South Park's G12 development is now fenced off in preparation for construction.  Designed by locally-based TCA Architects, phase one will rise seven stories at the southeast corner of 12th Street and Grand Avenue. The low-rise building is being developed by a partnership between the Wolff Company and Sonny Astani, and will contain 347 apartments above 18,500 square feet of ground floor retail space.  G12 will offer its residents 24-hour concierge and valet service, in addition to standard amenities such as a pool and a fitness room.  The project has gained some praise for its relative lack of automobile parking (at least by LA standards), as well as its ample bicycle accommodations.  Although the project's current surroundings are a mixture of parking lots and forgettable one-story buildings, this section of South Park is slated for explosive growth in the immediate future.  A second phase of G12 is planned for an adjacent parking lot, although a timeline for that half of the project has yet to be announced.  Developer Mack Urban also intends to construct multiple residential and hotel towers nearby, the first of which could break ground late this year.