For years, the knock on the Cornfield Arroyo Seco Specific Plan has been its inability to produce housing. But as Planning officials take steps to update the area's decade-old zoning rules, at least one property owner has managed to make them work.
Last week, plans were filed with the City of Los Angeles for a new multifamily residential development at 201 Sotello Street, says Kacy Keys of Praxis Development Group. The project from land owner S&R Properties would span a roughly three-acre site between North Spring and North Main Streets, featuring 445 studio, one-, two-, and three-bedroom apartments.
The project site, currently an industrial property which serves as bus parking, sits just over a quarter-mile walk from the Chinatown Metro Station.
TCA Architects is designing 201 Sotello, which is depicted in renderings as a contemporary seven-story structure.
The development site sits just south of a property at 200 W. Mesnager Avenue, where a similar mixed-use project featuring 280 apartments and retail space is now under construction. The property also sits one block west from a currently empty lot on Main Street which is approved for a 376-unit apartment complex.
S&R Properties, helmed by the Riboli family, is also backing plans for a large high-rise complex overlooking L.A. State Historic Park to the west and a proposed office complex which would replace another bus storage lot a few blocks to the south on Spring Street.
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