The Los Angeles City Planning Commission has voted to approve a proposed development which would bring high-rise housing to a site located midway between Hollywood and Sunset Boulevards.
The Found Residences Hollywood, a project from Hawkins Way Capital, are slated for a property located at 6422 W. Selma Avenue and 1540-1552 N. Wilcox Avenue. The new development, which would wrap a small walk-in clinic which sits directly at the intersection of the two streets, calls for the construction of a 15-story building featuring 45 four-bedroom apartments, as well automobile parking for 36 vehicles on two levels.
The Planning Commission's consideration of the project was for the purpose of approving off-menu density bonus incentives to allow greater floor area and reduced setbacks than permitted by zoning. In exchange, Hawkins Way would be required to set aside six of the new apartments for rent as affordable housing at the very low-income level.
DLR Group, is designing the Found Residences, which are portrayed in renderings as a contemporary building which also takes cues from the surrounding Hollywood neighborhood.
"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 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."
An environmental study published earlier this year by the City of Los Angeles indicates that the Found Residences are expected to be built over an approximately 24-month period, with completion expected in January 2026.
Hawkins Way Capital, based out of Beverly Hills, has already been an investor in the surrounding neighborhood for years. The company previously restored the Mark Twain Hotel a short distance west on Wilcox Avenue.
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