A presentation from the California Strategic Growth Council's Affordable Housing and Sustainable Communities Program has revealed a new rendering for a proposed transit-oriented development (TOD) above Metro's Westlake/MacArthur Park Station.
The nearly $50 million project, which is being developed by McCormack Baron Salazar (MBS), would consist of a five-story structure containing 82 residential units, 83 underground parking spaces and approximately 7,000 square feet of ground-floor retail and restaurant space. The proposed building would rise atop the subway station's existing north entrance, which would be closed and replaced with a new portal on Westlake Avenue.
Plans for the low-rise complex have been in the works for a number of years, but faced cancellation in 2013 when cost estimates pegged the project at $5 million over budget. Since then, MBS has been able to identify new funding sources, allowing the development to proceed as originally planned.
The first phase of the Westlake/MacArthur Park TOD, which opened in 2012, features a similar low-rise building located east across Westlake Avenue. The affordable housing complex reportedly received more than 1,000 applications for its 92 rental units.