In University Park, the former site of a Grinder restaurant has been cleared to dirt, and a mixed-use development featuring housing and retail is about to rise in its place.
The project, called the Hub on Figueroa, is being developed as a joint venture between Amplify Development Co. and Core Spaces. Plans approved earlier this year by the City of Los Angeles call for the construction of a seven-story edifice at 28th and Figueroa Streets featuring 157 apartments above 5,128 square feet of ground-floor retail and a semi-subterranean parking garage.
In exchange for Transit Oriented Communities development incentives permitting a larger building than allowed by zoning, the developers are required to set aside 18 of the proposed studio, one, two-, three-, four-, and five-bedroom dwellings as deed-restricted very low-income housing. Seven additional apartments would also be set aside voluntarily as workforce housing.
Antunovich & Associates is designing the project, which is depicted in renderings as a contemporary podium-type building with an articulated facade and a large rooftop amenity deck.
Amplify and Core Spaces are also behind a similar mixed-use project now under construction at the intersection of 38th and Figueroa Streets. Both are expected to cater to students attending nearby universities such as USC.
- 2718 S Figueroa Street (Urbanize LA)