|Image credit: Genton Property Group|
According to a series of permit filings with the Los Angeles Department of Building and Safety, the long delayed Wetherly Luxury Residences are finally exhibiting signs of life. The $230 million development, in the works since prior to the global recession, calls for a mid-rise condominium tower at the corner of 3rd Street and Wetherly Drive. Renderings from the website of developer Genton Property Group portray a boxy, 12-story structure containing 55 for-sale units and more than 100 parking stalls. The proposed building, reportedly designed by architectural firm RTKL, would feature a stout, 152-foot height profile.
Originally approved at a 16-story, 132 unit development, a combination of neighborhood resistance and market realities gradually whittled the proposed building down to its current size. However, even the substantially reduced development program has still engendered outcry from neighbors large and small. In addition to run-of-the-mill complaints of blocked views, overpopulation and traffic congestion, the project also brought Genton Property Group into conflict with the adjacent Four Seasons Hotel last year.