In Koreatown, a pair of 1920s homes could be razed and redeveloped with multifamily housing, per an application submitted this month to the L.A. Department of City Planning.
The proposed project, which would rise from two parcels located at 708-712 S. Gramercy Drive, calls for the construction of a new seven-story building featuring 55 rental apartments atop parking for 28 vehicles.
708-712 S Gramercy Drive in KoreatownGoogle Street View
Project applicant Sam Kerendian, through the entity Gramercy Project, LLC, is seeking entitlements using Transit Oriented Communities incentives to permit a structure that is larger than otherwise allowed by zoning rules. In exchange, six of the new apartments would be set aside for rent as extremely low-income affordable housing.
Sam Ghanouni is designing the project, which would have an exterior of smooth finish plaster and stone veneer. Plans also show a large amenity deck at the rooftop.
708-712 S Gramercy Drive in KoreatownGoogle Maps
Kerendian and Ghanouni are also working on a larger 89-unit project at 926 S. Kingsley Drive in Koreatown.
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