Two small commercial buildings located just south of Los Angeles City College are poised for redevelopment, according to an application submitted earlier this month to the Department of City Planning.
Tower Investments Group, a Pasadena-based real estate management company, is seeking approvals to raze a pair of small commercial buildings at 4216 Melrose Avenue to make way for the construction of new housing and retail space. The proposed project would consist of 30 one-bedroom apartments above 1,649 square feet of ground-floor retail space and basement parking.
Requested entitlements for the project include Transit Oriented Communities incentives, which would permit greater height and density than otherwise permitted by zoning. Tower Investments Group would reserve three of the proposed apartments as deed-restricted affordable housing at the extremely low-income level in exchange for the incentives.
Additionally, the project will be subject to mandatory review for compliance with the zoning and design restrictions of the Vermont Western Station Neighborhood Area Plan.
Bittoni Architects is designing the project, which would stand five stories in height and feature an exterior of concrete, metal, and plaster. Planned on-site amenities include a gym, a yoga room, a movie room, and a rooftop deck facing Melrose Avenue.
The project from Tower Investment Group is the latest in a string of new developments along the stretch of Melrose Avenue which runs through the East Hollywood community, including new market rate projects at Serrano, Ardmore, and Oxford Avenues, as well as a supportive housing complex between Kingsley Drive and Harvard Boulevard.
- East Hollywood (Urbanize LA)