A coin laundry and dry cleaners could make way for a mixed-use apartment building in Palms, according to an application submitted this month to the L.A. Department of City Planning.
Caladan Investments, a Valley-based real estate development firm, is seeking entitlements to raze the existing buildings and surface parking located at 3363-3371 S. Motor Avenue in order to redevelop the underlying property with a five-story apartment complex featuring 58 residential units above 2,568 square feet of ground-floor retail space and parking for 37 vehicles.
The project is relying on the bonus system introduced by the Exposition Corridor Transit Neighborhood Plan, which enables projects that include on-site affordable housing and provide community benefits to exceed certain zoning limits placed on properties near E Line stations on the Westside. In the case of 3363-3371 S. Motor Avenue, a total of six of the proposed studio and one-bedroom apartments are to be set aside for rent as extremely low-income affordable housing.
Sam Ghanouni is designing the apartment complex, which is shown in plans as a contemporary podium-type building clad in cement plaster and wood. A large amenity deck is proposed for the project's rooftop.
Caladan, in addition to its new Palms development, is also building an 87-unit apartment complex with retail in Westchester and a 35-unit development in Historic Filipinotown.
- Palms (Urbanize LA)