A shuttered laundromat in Hyde Park could make way for a mixed-use development featuring housing and retail, according to an application recently filed with the Los Angeles Department of City Planning.
The proposed development, slated for a .43-acre site at 5300 S. Crenshaw Boulevard, calls for the construction of a five-story building featuring 81 one- and two-bedroom apartments above 587 square feet of ground-floor retail space and semi-subterranean parking for 42 vehicles.
Requested entitlements for the project include Transit Oriented Communities incentives permitting a density increase and a reduction to open-space and setback requirements. Nine apartments are proposed to be set aside as deed-restricted affordable housing.
BFK Architecture + Planning is designing the apartment complex, which would be a podium-type structure. Architectural plans show on-site amenities would include rooftop decks, a recreation room, and a garden.
The project is being developed as a partnership between local real estate development firms Rocca Capital Group and TDC Properties.
It follows on the heels of several similar multifamily residential developments along Crenshaw Boulevard, which has seen a surge in investment in anticipation of the debut of the Crenshaw/LAX light rail line. Just north of the 5300 Crenshaw site, Haroni Investments is seeking approvals to raze an auto repair garage for a similar five-story, 79-unit development.
- Hyde Park (Urbanize LA)
Jonathan Rocca is the CEO of Urbanize Media, LLC. Urbanize Media has no affiliation with Rocca Capital Group, Inc.