The California Association of Realtors is moving forward with plans to redevelop its Los Angeles area headquarters with housing, according to an application submitted in June the Department of City Planning.
The roughly one-acre property, located at 525 S. Virgil Avenue, is currently improved with a 1960s office building and a surface parking lot. Plans call for demolishing the existing improvements to make way for the construction of a mixed-use project featuring new offices for the Realtors Association accompanied by 46 for-sale condominiums, 84 rental apartments, and parking for 166 vehicles.
Requested entitlements for the project include Transit Oriented Communities incentives, allowing for increased density and floor area. In exchange, the proposed development would set aside 19 of the condos and apartments for rent or purchase by very low-income households.
In announcing the project in 2018, the Realtors Association indicated that the housing would cater to individuals and families earning between 60 and 150 percent of the area median income - a range which would accommodate nurses, firefighters, and teachers.
EYRC Architects is designing the project, which would be divided into a three-story office building, an eight-story apartment building, and a six-story condominium building. A shared amenity deck would connect the Realtors headquarters and the apartment building , while the condominiums would front Westmoreland Avenue. Floor plans also show a rooftop amenity deck and a rear yard on the western side of the property.
The development site is located one block north of Century West Partners' Next on Sixth development, a 398-unit housing complex with a ground-floor Target which opened in 2017.
One block west at Shatto Place, a parking lot adjacent to a 1930s church is slated to be redeveloped with a 32-story apartment tower.
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