In July 2020, the company made headlines by breaking ground on its first Los Angeles project - an eight-story, 69-unit apartment building near Hollywood Boulevard. That apartment complex, now in the end stages of construction, will have an average unit size of just 375 square feet and no on-site parking.
HDC recently submitted an application to the Planning Department for a neighboring site at 6766 Hawthorn Avenue which now functions as a service parking lot. Plans call for the construction of a seven-story edifice featuring 58 rental units - intended to be priced for creative and service industry workers - which would include 220 square feet of ground-floor commercial space. Parking for 14 vehicles would be located within the building, fulfilling the terms of an existing covenant for off-street parking.
Renderings of the building, designed by Steinberg Hart, depict 6766 Hawthorn as a slim podium-type building with cantilevered balconies protruding from its northern facade.
HDC and its partners, which include Steinberg Hart and STS Construction, have also filed for entitlements on a property at 603 S. Mariposa Avenue in Koreatown - a mid-block site between 6th Street and Wilshire Boulevard. That project would replace a 1920s commercial and residential building with a new eight-story edifice containing 92 rental apartments and no on-site parking.
Both projects rely on Transit Oriented Communities incentives to achieve greater density and floor area than otherwise allowed via zoning. A total of 18 affordable units would be provided between the two developments in exchange for the incentives.
The Hollywood and Koreatown developments represent a tried and true formula for HDC, which has targeted walkable neighborhoods - located in Federal Opportunity Zones - and prices its apartments for low-to-middle-income households. The company has already secured approvals for two such projects near its Downtown headquarters, including a newly-entitled 227-unit apartment building at 1411 S. Flower Street and a planned 151-unit building at 1317 S. Grand Avenue.