As Beverly Hills continues the struggle to obtain state certification for its housing element, property owners continue to take advantage of the window of opportunity to build taller and denser through the Builder's Remedy.
On August 9, an application was filed with the City of Beverly Hills for a new high-rise building at 145 S. Rodeo Drive. The proposed project, as described in the most recent iteration of the city's current development project list, would be a 17-story mixed-use structure with 56 residential units.
The site, which is currently developed with a two-story office building, is listed as the property of the entity Wilshire Rodeo Company, LLC, which is managed by local real estate investors Max Netty.
The Builder's Remedy, a little-known provision of state law up until recently, allows property owners and developers to bypass certain zoning rules relating to height and density in jurisdictions which have not received state certification for their housing elements. To qualify, a developer must set aside at least 20 percent of the proposed housing for low-income renters or reserve the entirety of the project for moderate-income households.
Outside of the City of Santa Monica, Beverly Hills has been the Los Angeles County jurisdiction which has seen the most applications through the Builder's Remedy. Pipeline developments include a proposed 19-story building on Linden Avenue to the south of Wilshire Boulevard, a 12-story building at 346 N. Maple Drive, and a 14-story building slated for Hamilton Drive.
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- Beverly Hills (Urbanize LA)