In East Hollywood, the wood-and-concrete frame of a new multifamily residential development from Safco Capital is topped out on Melrose Avenue.
The project, located at the southwest corner of Melrose and Ardmore Avenue, consists of a six-story building that will feature 66 studio, one-, and two-bedroom apartments above a semi-subterranean parking garage for 66 vehicles at completion.
Project entitlements include Transit Oriented Communities development incentives, permitting reduced building setbacks and on-site open space relative to the amounts required by local zoning rules. Safco will set aside six of the apartments as affordable housing in exchange for the incentives.
Designed by The Albert Group Architects, the apartment complex at 4658 Melrose Avenue is composed of five levels of wood-frame construction stacked above a concrete podium. Architectural plans show that the stucco-clad structure will include a rooftop amenity deck.
Completion is anticipated in mid-2022, according to a project website.
The project is the latest in a recent series of housing developments built on Melrose Avenue, including an under construction co-living project from Six Peak Capital.
Safco, the developer of 4658 Melrose, is planning three similar mixed-use and multifamily residential projects in Westlake.
- 4658 Melrose Avenue (Urbanize LA)