The Los Angeles-based affiliate of a Japanese real estate investment firm is planning new apartments near the intersection of Olympic and Westwood Boulevards, according to an application submitted to the Department of City Planning.
RBM of California, a subsidiary of Tokyo-based Residence Building Management Co., is seeking entitlements to redevelop a series of parking lots and small commercial buildings at 2107-2121 Westwood Boulevard. The proposed development, filed on October 7 with the City of Los Angeles, calls for the construction of a five-story edifice featuring 109 studio, one-, two-, and three-bedroom apartments above a two-level, 128-car subterranean parking garage.
The project's requested entitlements include Transit Oriented Communities incentives, which would permit an increase in allowable density relative to the property's base zoning. In exchange for the incentive, RBM of California would be required to set aside 14 apartments as deed-restricted affordable housing for very low- and extremely low-income households.
DE Architects is designing the contemporary low-rise structure, which would include upper-level step backs facing both Westwood Boulevard and the abutting residential neighborhood to the east. Although the proposed development would not include ground-floor retail uses, building amenities and habitable spaces would front the sidewalk along Westwood.
RBM joins several other developers targeting commercial buildings along Westwood Boulevard for redevelopment, including Jamison Services and Zackary Bros., which recently broke ground on a similar housing development less than one mile north.
The project is the latest and largest in a recent series of mixed-use and multifamily residential developments from RBM of California. The company is currently in the midst of construction on new apartment buildings in Palms and Mid-Wilshire.
- West Los Angeles (Urbanize LA)