On July 31, the Los Angeles County Board of Supervisors will consider entering into an exclusive negotiating agreement to facilitate the development of a mixed-use housing project in unincorporated East Los Angeles.
Los Angeles-based Azure Development, Inc. hopes to combine County-owned parcels at the northwest corner of 3rd Street and Dangler Avenue with adjacent properties already controlled by the developer. Should the proposed agreement come to fruition, plans call for a development featuring 76 studio, one-, and two-bedroom units - including 50 apartments to be made affordable to households earning between 30 and 50 percent of the area median income - and 17,000 square feet of ground-floor retail, restaurant, and medical office space.
Located midway between the Gold Line's Maravilla and East L.A. Civic Center Stations, the proposed development would also include an outdoor plaza with seating and landscape amenities. A total of 212 parking spaces - including 157 for residents and 55 for commercial tenants - are also planned.
According to a staff report to the Board of Supervisors, the project is a joint venture between Azure and Romero Management Consultants, which owns the parcels adjacent to the County-owned site.
If the Board of Supervisors votes to approve the exclusive negotiating agreement, it will last for an initial term of 180 days with options for two 90-day extensions. Agreed upon terms would be approved by the Board at a later date.
Azure is planning a similar development on property owned by CRA/LA next to the Gold Line's Mariachi Plaza Station, and has bid on redevelopment rights for a housing project in Downtown San Pedro.
- East Los Angeles Archive (Urbanize LA)