The project from SR Capital, Inc., named for its intersection at the northwest corner of Barrington Avenue and Gateway, is a five-story building which features 73 apartments above 5,900 square feet of ground-floor commercial space and a two-level, 90-car subterranean parking garage.
A leasing website for the property's market-rate units lists a mix of studio, one-, two-, and three-bedroom floor plans, with rents ranging from $2,400 to $4,650 per month.
Project entitlements include density bonus incentives to permit a larger structure than allowed by zoning rules. In exchanges for the zoning concessions, SR Capital will set aside six apartments as very low-income affordable housing.
Architect David H. Raider designed the contemporary low-rise building, which is clad in metal panels, ceramic tiles, and cement plaster. On-site amenities include two podium-level courtyards, a recreation room, and a rooftop deck.
The project sits three blocks southwest of the intersection of Gateway and Pico Boulevards, where Onni Group is planning an even larger project features 278 apartments at the former site of Kelbo's Hawaiian Restaurant and an automobile repair garage.
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- 11701 Gateway Boulevard (Urbanize LA)