In University Park, Amplify Development Co. and Core Spaces have completed work on a mixed-use apartment complex a few blocks north of the USC campus.
Hub LA Figueroa, built on the former site of a restaurant at 2722 S. Figueroa Street, is a seven-story structure which features 157 studio, one, two-, three-, four-, and five-bedroom apartments above more than 5,000 square feet of ground-floor retail space and a semi-subterranean parking garage. A portion of that retail is occupied by a Taco Bell restaurant, which has a drive-thru located within the building itself.
The project was approved for construction using Transit Oriented Communities incentives to permit a larger building than allowed by zoning rules. In exchange 18 of the new apartments are reserved for rent as deed-restricted very low-income housing. Additionally, the developers agreed to set aside seven additional apartments as workforce housing.
Antunovich Associates designed the contemporary podium-type building, which includes a rooftop deck among other amenities.
The Hub apartments are rising just over one mile north of the intersection of Figueroa and 38th Street, where the same project team built a similar mixed-use complex featuring 79 apartments above 10,000 square feet of ground-floor retail space. Both are intended to cater to students at nearby USC.
The two projects have set the stage for even bigger developments nearby. Last year, CA Ventures initiated plans to build up to 418 apartments on the back half of the Felix Chevrolet site at 3100 S. Figueroa Street, while Landmark Properties recently commenced work on a 429-unit development at 3900 S. Figueroa Street.
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- 2718 S. Figueroa Street (Urbanize LA)