|Picasso Brentwood. Image from Real Estate News TV.|
There's always more demand for retail and residential space west of the 405, right? Santa Monica based Metropolitan Pacific Capital is currently working on plans for Picasso Brentwood, a mixed-use development pegged for three parcels just east of the intersection of Wilshire Boulevard and Bundy Drive. The project's case filing with the Department of City Planning describes a six-story, 81 unit development served by roughly 7,500 square feet of retail space and a 126 car garage. Apartments will range from studio to two bedroom units, with 10% of all residences set aside as affordable housing. Architectural work comes from the firm of Van Tilburg, Banvard & Soderbergh, whose previous work includes Westwood's Remington condo tower. Although groundbreaking was expected in spring of this year, the project has yet to receive construction permits.
- Picasso Brentwood a Masterpience in Equity Capital Financing (RENTV)
- Case Information Summary Sheet (LA City Planning)