A sustainable communities environmental assessment published this month by the City of Los Angeles offers new details on a proposed mixed-use high-rise development just south of the Walk of Fame in Hollywood.
The Found Residences Hollywood, a co-living project announced last year, would rise from a property at 6422 Selma Avenue, replacing the rear portion of the Concept Arts Building. Plans call for the construction of a 14-story building featuring a total of 45 four-bedroom apartments, as well automobile parking on two levels.
The project applicant, Beverly Hills-based Hawkins Way Capital, is seeking approvals using density bonus incentives to permit greater floor area and reduced setbacks than otherwise allowed by zoning. In exchange, six of the new apartments would be reserved as affordable housing at the very low-income level.
DLR Group, which is designing the FOUND Residences, has envisioned the project as a contemporary mid-rise building.
"The 175-foot tower takes its cues from the neighboring brick buildings and the last formerly known garage building, which was built exclusively for automobiles in the 1920s, that sits on the site," reads a narrative released last year by DLR Group. "The historic building will once again welcome automobiles under its roof as a new porte-cochère and residential entry into the building with 35 carports via a mechanical car lift system. FOUND Residences is cladded in the same hue and pattern as the original red brick found in the historic building but with a modern twist utilizing fiber cement panels and introducing a different scale to offer a variety from the existing façade. Perforated metal enclosure with operable panels wraps the balconies on the west and east facades to offer views of Hollywood. At the upper levels, the building terraces back for multiple outdoor roof decks for residents offering stunning sunset views. The building is also fashioned with multiple common living rooms, a fitness center, and three roof decks."
According to the environmental study, construction of the Found Residences is expected to occur over an approximately 24-month period, with completion expected in January 2026.
Hawkins Way Capital is not a stranger to the Hollywood community, having previously restored the Mark Twain Hotel a short distance west on Wilcox Avenue. The company's projects find itself in the heart of a budding hotel district, anchored by the Dream Hotel across Selma, as well as Mama Shelter and other recently-opened establishments to the west on Selma.
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- Found Residences Hollywood (Urbanize LA)