A Beverly Hills-based real estate investment firm is updating its plans for a mixed-use apartment building in the Pico-Robertson neighborhood.
In 2019, developer Concord Capital Partners submitted an application to the City of Los Angeles to redevelop a car wash at the intersection of Pico and Beverly Boulevards with a five-story building featuring 67 apartments above 16,500 square feet of ground-floor commercial space.
A revised application, submitted to the Planning Department in October, revises those plans to include up to 108 studio, one-, two-, and three-bedroom apartments with 3,250 square feet of retail space and parking for 134 vehicles.
Concord's updated proposal calls for entitlements through the State of California's density bonus law combined with a conditional use permit. The larger housing components would include 13 deed-restricted affordable units, an increase from the 7 affordable units in the prior iteration of the project.
As with the original proposal, the 9500 Pico development is being designed by Culver City-based Abramson Architects. Renderings depict a contemporary podium-type building with an exterior of metal and plaster. Ground-level setbacks along Pico Boulevard would be used to create a sunken courtyard and a plaza, while residents would also have access to a series of private balconies and a rooftop deck.
The mixed-use project is the latest in a series of multifamily housing projects planned for the Pico-Robertson neighborhood, including smaller apartment buildings at 1400 Reeves Street and 1444 Rexford Drive.