Just off of Crenshaw Boulevard in Rolling Hills Estates, offices and commercial space are poised to make way for the construction of a large mixed-use apartment complex.
The Brickwalk Residences, which were recently presented to the Rolling Hills Estates City Council, would rise from a roughly 10.4-acre property located at 655-815 Deep Valley Drive. Existing improvements, including 55,000 square feet of offices and the 25,000-square-foot Brickwalk shopping center, is slated for the construction of four new buildings featuring a combined total of 407 residential units, 3,249 square feet of retail space, and a 503-car garage.
Aerial view looking southAC Martin
In exchange for density bonus incentives permitting a larger development than would normally allowed by the city's zoning rules, plans fall for 29 of the proposed one-, two-, and three-bedroom dwellings to be set aside for rent by very low-income households. Based on those affordability restrictions, rents for the income-restricted units would start at $1,182 per month for a one-bedroom dwelling.
AC Martin is designing the Brickwalk project, which would include contemporary podium-type buildings standing up to eight stories in height.
Aerial view looking southeastAC Martin
City records list the project applicant as Rolling Hills Capital, LLC, while the owner of the site is Brickwalk, LLC, an entity affiliated with Beverly Hills-based OpenStreet Capital.
The project is being submitted for approvals using the vesting provisions of SB 330. According to a staff report, consideration of a professional services arrangement to conduct CEQA review for the project is expected to occur at a later council meeting.
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