Just south of the notorious Asterisk in Mid-Wilshire, a 1930s house has made way for the construction of a new apartment complex, says Craig Spano of Craig and David Homes.

The project from Miranda Capital Group, LLC, now under construction at 1110 S. Spaulding Avenue, occupies an irregularly-shaped parcel which also has frontage on San Vicente Boulevard to the north. Plans call for a six-story, 60-foot-tall building featuring 26 two- and three-bedroom apartments (including townhome-style units) above parking for 32 vehicles.

Aerial viewC&D Homes

Project entitlements include Transit Oriented Communities incentives permitting a larger structure than allowed by base zoning rules. In exchange, three of the new apartments are to be set aside for rent as extremely low-income affordable housing.

Uriu & Associates is designing the building, which is portrayed in renderings as a contemporary low-rise structure. Planned amenities include a rooftop deck and a yoga studio.

Other members of the project team include Harpco Construction and Development Services Financing was arranged by Lending Bee of LBC Capital Income Fund, LLC.

1110 Spaulding AvenueGoogle Maps

Completion is expected in early 2025.

Other ongoing projects near the notorious asterisk include a mixed-use development from Wiseman Residential now taking shape at 6001 W. Olympic Boulevard and UCLA's new neuropsychiatric hospital, which will repurpose the shuttered Olympia Medical Center after a $400-million revamp.

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