The project, officially known as Liv on Pico, consist of a seven-story structure that will feature 123 studio, one-, and two-bedroom apartments above 3,200 square feet of ground-floor retail and restaurant space and a two-level, 169-car subterranean parking garage. Plans also call for amenities such as a courtyard, an outdoor movie theater, a rooftop pool, and a fitness center.
Cityview, which purchased the project after it was already entitled, will be required to set aside 13 apartments as deed-restricted affordable housing in exchange for density bonus incentives approved by the City of Los Angeles.
“Liv on Pico will fill a severe gap in housing supply near Carthay Square, a highly walkable area featuring ample employment opportunities that is one of the most vibrant cultural centers in Los Angeles, making it an ideal fit for Cityview’s investment strategy,” said Cityview chief executive officer Sean Burton in a news release. “We are looking forward to delivering a highly sustainable project that will enhance and benefit the surrounding community.”
Other members of the project team include WPIC Construction LLC, AC Martin, and Nadia Geller Design.
Liv on Pico, which broke ground in late 2020, is expected to open for residents in 2023.
The project joins a number of mixed-use developments that have recently sprouted along Pico Boulevard in the Mid-Wilshire and Carthay areas, including a 125-unit apartment complex from Wiseman Residential which recently broke ground two blocks to the west.
CityView, based in Los Angeles, is also in construction at similar developments in Westlake and Historic South-Central. Additionally, the company announced plans in August 2022 for a 441-unit apartment complex just east of Sepulveda Boulevard in Westchester.
- 5935 W Pico Boulevard (Urbanize LA)