A collection of small commercial buildings just north of the Beverly Center could make way for a mixed-use development, according to plans filed yesterday with the City of Los Angeles.
The project, slated for a nearly 15,500-square-foot site at 316 N. La Cienega Boulevard, calls for the construction of a six-story building featuring 66 apartments - including five to be reserved as affordable housing for very low-income households - above 4,097 square feet of ground-floor retail and 77 parking stalls.
Requested entitlements include density bonus incentives allowing for increased floor area and height, as well as a reduction to required on-site open space and setbacks.
City records list the project applicant as Beverly La Cienega, LLC. The company is affiliated with the Los Angeles-based real estate investment firm South Park Group.
South Park Group is planning a similar development at 8000 Beverly Boulevard, and has completed multiple adaptive reuse projects in Downtown Los Angeles.
Besides South Park Group, several other developers are also pursuing multifamily residential projects near the Beverly Center, including Stark Industries, which has proposed a 96-unit apartment complex two blocks north.
- Beverly Grove (Urbanize LA)