The project - located on a 1.2-acre property at 2938-2972 W. 7th Street - consists of a seven-story building that will feature 228 studio, one-, and two-bedroom apartments - including 23 extremely low-income affordable units - above 7,800 square feet of ground-floor commercial space and 229 parking stalls.
MVE + Partners is designing the podium-type building, which includes five levels of wood-frame construction above a concrete base. Renderings depict Nexen as a contemporary low-rise structure lined with cantilevered balconies. Plans also call for amenities such as a rooftop deck, a fitness room, and a central courtyard.
Completion of the Nexen is expected in 2021.
Jamison Services, which is leading construction, is also partnering on the 25-story Kurve on Wilshire apartment tower two blocks north at Wilshire Boulevard and Hoover Street.
A short walk east at 2806 W. 7th Street, a similar development featuring 166 apartments and retail space is planned by Foster City-based Z&L Properties.
- 2940 W 7th Street (Urbanize LA)