The project, a joint venture with Chicago-based developer Core Spaces, calls for replacing a single-story commercial building and a four-unit apartment complex at 3800 S. Figueroa Street with a seven-story building featuring 71 residential units above roughly 9,800 square feet of ground-floor retail space. Plans call for eight of the new apartments to be set aside as affordable housing at the extremely-low-income level - meaning 30 percent of the Los Angeles area median income or less.
Amplify and Core Spaces filed the project through the Transit Oriented Communities guidelines, which allow for relief from zoning provisions such as height and density restrictions for projects that provide affordable housing.
The project is intended to cater to students at nearby USC, as well as residents of the surrounding community, according to the Amplify website. Renderings portray a contemporary mid-rise structure with a roof-level amenity deck.
The proposed development at 3800 Figueroa follows several large investments at Exposition Park, including the $350-million Banc of California Stadium, a $270-million revamp of the Coliseum, and the $1-billion Lucas Museum of Narrative Art.
On the private sector side, Amplify and Core are joined by a planned mixed-use complex one block south at 39th Street and Figueroa that would feature a hotel, apartments, and retail.
- Mixed-Use Development Proposed at 38th & Figueroa (Urbanize LA)