A 1920s single-family dwelling on the outskirts of the Beverly Hills Business Triangle is set to make way for multifamily housing, according to an application set for review this week by the city's Planning Commission.
The proposed project, slated for a single parcel located at 208 N. Crescent Drive, calls for the construction of a new four-story building which would feature 10 one-, two-, and three-bedroom apartments above subterranean parking for 13 vehicles.
Requested approvals include density bonus incentives to permit a larger building than would normally be allowed by Beverly Hills zoning rules. In exchange, one of the new apartments would be set aside for rent as very low-income affordable housing.
Kevin Tsai Architecture is designing 208 Crescent, which is described in a staff report as "a contemporary style and would have a smooth stucco finish with large panel windows." Plans show that the low-rise structure would include an amenity deck spanning its rooftop.
A staff report recommends that the project should be approved. Work to complete the apartment building is expected to take 20 months following the start of construction.
City records list the owner and applicant behind 208 Crescent as GACAC, LLC. The manager and address of that entity indicates that the developer is Beverly Hills-based Platinum Equity, the firm helmed by Detroit Pistons owner Tom Gores. The company's other Los Angeles-area developments include new office complexes in the works near the Sixth Street Viaduct in Downtown Los Angeles.
The proposed project would rise a short distance south of a similar multifamily residential building which was recently completed at 250 N. Crescent Drive.
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- Beverly Hills (Urbanize LA)