Frank McCourt, the sports mogul turned gondola builder, initiated plans for a 170-unit apartment complex just east of the 110 Freeway earlier this year. Now, the former Dodgers owner is doubling down, with plans for two more residential developments just down the road.
This month, entities affiliated with McCourt Partners submitted plans to the City of Los Angeles seeking approvals to build housing on two vacant site along Stadium Way. The first, set for a sloping corner lot at 959 E. Stadium Way, would consist of two eight-story buildings featuring a combined total of 267 studio, one, and two-bedroom apartments, located abut subterranean parking for 133 vehicles.
Requested entitlements include Transit Oriented Communities incentives to permit a larger, denser apartment complex than would otherwise be permitted under zoning rules. In exchange, 30 of the new apartments would be set aside for rent as deed-restricted affordable housing at the extremely low-income level for a period of 55 years.
McCourt paid just over $12 million for the site in June 2020, according to city records. Previously, the project was slated for a smaller development with a total of 158 residential units.
The second McCourt development, slated for another vacant site across the street at 1640 E. Stadium Way, would be a smaller six-story edifice featuring 65 apartments on a teardrop-shaped property. As with its neighbor, plans call for a mix of studio, one-, and two-bedroom dwellings above parking for 32 vehicles.
The smaller project would also use TOC incentives to achieve a larger structure than normally allowed by zoning rules, and would provide a total of eight extremely low-income units.
Both apartment buildings are being designed by KFA Architecture, and would feature courtyards and terrace decks, among other amenities.
Combined with McCourt's earlier project, slated for a site at 766 W. College Street, the former Dodgers owner is planning just over 500 apartments at sites flanking the 110.
McCourt, a real estate developer, also retains ownership of the sprawling parking lots which surround Dodger Stadium - land that has long been considered as a future development site.
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