Wednesday, March 12, 2014

Mini Development Boom Spawning Near Lafayette Park

Strange as it is to say, it seems like developers have recently zeroed in on the residential neighborhood south of Wilshire Boulevard's Lafayette Park.  Last month brought the news that a new 60-unit apartment building would be replacing a surface parking lot on Sunset Place.  Now, plans submitted to the city indicate that a vacant lot on 7th Street will give rise to a much larger mixed-use complex.  Located just west of Hoover Street, the new six-story building would consist of 158 apartment units above an uspecified amount of street level commercial space.  Occupying the majority of a city block, this project joins a wide variety of low-rise apartment proposals which have sprung up in the Westlake neighborhood over the past twelve months.  While building so much market rate residential in a currently low-income neighborhood may raise some eyebrows, similar developments were once a questionable proposition in Downtown.  With enviable transit access and gentrification bearing down on all sides, this could finally be Westlake's time to shine.  Other projects recently constructed nearby include Seventh & Coronado, a self described "68-unit, transit-oriented, community of affordable housing with social service space for large families."

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