A new multifamily residential development could rise on the border between Echo Park and Westlake, according to an application recently submitted to the City of Los Angeles.
The roughly-acre acre property, located at 355 N. Glendale Boulevard, is currently improved with a collection of small commercial buildings. Plans filed by the Bond Companies, a real estate development firm, call for razing all existing structures to make way for the construction of a seven-story building containing 90 apartments above an 82-car semi-subterranean garage.
Requested entitlements for the project include Transit Oriented Communities incentives, allowing for an increase in allowable floor area and a decrease in required parking. In exchange, the developer would be required to set aside 10 of the one-, two-, three-, and four-bedroom apartments for rent by very low-income households.
HED is designing the proposed development, which is called Inspire - Echo Park. A rendering depicts the project as a contemporary podium-type structure, similar to others recently build in the surrounding neighborhood. Architectural plans show several common open space amenities, including a lounge, a fitness center, a swimming pool, and a rooftop deck.
The Bond Companies, which has offices in both Chicago and Los Angeles, previously developed a mixed-use building a few blocks west of Glendale Boulevard. The developer is also in the midst of construction on new apartment complexes in Westlake and Hollywood.
The Inspire Echo Park site sits one block south of Temple Street, where another developer filed plans in 2019 to build a similar multifamily housing complex.
