Modera Argyle, located at a site which was long the home of Ametron Electronics, will consist a seven-story edifice containing 276 studio, one-, and two-bedroom apartments above a ground-floor grocery store. Plans also call for a four-level, 412-car subterranean parking garage beneath the building.
Under conditions of approval imposed by the City of Los Angeles, Mill Creek will be required to set aside 13 of the apartments as very low-income affordable housing in exchange for density bonus incentives.
AC Martin is designing Modera Argyle, which is depicted in renderings as a contemporary podium-type building wrapped with cantilevered balconies and mesh screens. Planned amenities include a courtyard swimming pool and an upper-floor terrace deck.
Construction of Modera Argyle is on pace to conclude by 2024.
The project is the latest entry in a long list of residential-retail developments near Metro's Hollywood/Vine Station, following the 507-unit El Centro Apartments & Bungalows, a 287-unit apartment complex from Camden Property Trust, and additional residential buildings from Essex Property Trust and Hanover Company.
The site also sits just east of a former CBS radio broadcast facility, which Kilroy Realty has transformed into a mixed-use complex consisting of housing, offices, and retail, and immediately northwest of the Hollywood Palladium, which developer Crescent Heights will flank with a pair of 28-story apartment towers.
Mill Creek has also been active in the neighborhood in recent years, having completed the two-building Modera Hollywood development one mile west at the intersection of Selma and Highland Avenue.
- Modera Argyle (Urbanize LA)