Mid-Wilshire-based CIM Group has built numerous large mixed-use projects throughout Los Angeles and other major markets in the United States. Now, the real estate investment firm is planning a more modest development in its literal backyard.
Earlier this month, an entity affiliated with CIM filed an application with the Department of City Planning which calls for the construction of 12 townhomes on the land located directly south of its Wilshire Boulevard headquarters. The proposed project, which would span the north side of 8th Street between Hudson Avenue and Rimpau Boulevard, would replace a surface parking lot and a single-family home completed in the 1920s.
Architecture firm Bassenian Lagoni and C2 Collaborative are designing the project, which would be comprised of six duplexes located above subterranean parking for 30 vehicles. All of the three-story, four-bedroom units would include street-facing entrances and rooftop decks.
Construction of the proposed development would require a zoning administrator's adjustment and a vesting tentative tract map, as well as review by the Park Mile design review board.
The project site, as well as surrounding blocks to the east and west, was formerly part of the headquarters of Farmers Insurance, which has relocated to Warner Center. CIM Group acquired the four-block property in 2014, and has sought to redevelop two of the blocks at Wilshire Boulevard and Mullen Avenue with a mix of condominiums and single-family homes.
- Mid-Wilshire (Urbanize LA)