Nearly four months after clearing the Los Angeles City Planning Commission, Hawkins Way Capital has secured City Council approval for a new high-rise residential development in Hollywood.
The Found Residences Hollywood, approved by the Council at its Halloween 2023 meeting, would rise from a property located at 6422 W. Selma Avenue and 1540-1552 N. Wilcox Avenue. Plans call for the construction of a new 15-story building featuring 45 four-bedroom apartments, as well automobile parking for 36 vehicles on two levels. A small walk-in clinic which sits at the intersection of Selma and Wilcox is not a part of the development site, and would remain.
Project entitlements include 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 would be the tallest structure in its immediate vicinity.
"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 in 2022 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."
The project's City Council hearing, in addition to certifying its environmental study, included consideration of an appeal from Creed LA, a coalition of labor unions which argued that potential impacts relating to air quality, energy, and noise were not captured by the study. A staff report recommended denial of the appeal.
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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