North Carolina-based real estate development firm Grubb Properties is one step closer to building new housing and commercial space in Hollywood.
At its meeting on May 11, the Los Angeles City Planning Commission signed off a proposal to raze and redevelop a shuttered strip mall at 1200 N. Vine Street, clearing the way for the construction of a new seven-story building featuring 151 studio, one-, and two-bedroom apartments above 3,690 square feet of ground-floor commercial space. Plans also call for parking for 87 vehicles.
View looking east from Vine StreetKTGY
Project entitlements include density bonus incentives permitting a larger building with more housing than otherwise allowed by zoning rules. In exchange, Grubb would be required to set aside 17 of the proposed apartments would be set aside for rent as affordable housing at the very low-income level.
KTGY is designing the mixed-use building, which is portrayed in renderings as a contemporary podium-type building. Residential units and other habitable spaces would wrap around the building's above-grade parking, while retail would line the property's Vine Street frontage. Plans also call for a small plaza facing Lexington Avenue to the south, a podium-level amenity deck, and two additional amenity decks at the roof level.
1200 N Vine StreetGoogle Maps
Grubb Properties, which paid roughly $17 million to acquire the development site in 2021, will name the project "Link Apartments Vine" according to a brochure posted to its website. That brochure indicates that the total cost of the development will be approximately $92.2 million, and points to an expected completion date in 2025.
The project is one of a string of new housing developments from Grubb in the Los Angeles area, including another mixed-use apartment complex which would rise on Lankershim Boulevard in North Hollywood and 77-unit building planned just off of Olympic Boulevard in Koreatown.
Follow us on social media:
