Prolific local developer Wiseman Residential is planning its latest project near the busy intersection of Pico and Crenshaw Boulevards, according to an application filed earlier this month with the City of Los Angeles.
The proposed development - slated to replace a taco store, a dentist's office, and a commercial building at 4303-4313 W. Pico Boulevard - calls for the construction of a new seven-story edifice featuring 75 one-, two-, three-, and four-bedroom apartments above 1,000 square feet of ground-floor retail space and a subterranean parking garage.
Requested entitlements for the project include Transit Oriented Communities incentives to achieve greater density than allowed by the property's base zoning, as well as reductions to transitional height and open space requirements. Wiseman would set aside eight of the apartments as deed-restricted extremely low-income affordable housing in exchange for the incentives.
Uriu & Associates is designing the proposed apartment complex, which is shown in elevation plans as a contemporary podium-type building similar to other developments by Wiseman. On-site amenities would include a rooftop garden.
Wiseman, which is based out of the Sawtelle neighborhood, is currently in the midst of construction two other projects along Pico Boulevard in the Mid-Wilshire neighborhood.
The 4303 Pico site sits one block west of Crenshaw Boulevard, where construction recently began for a $32.7-million senior affordable housing complex.
- Mid-Wilshire (Urbanize LA)