Serving Beverly Hills, Bel Air, Holmby, Century City, Trousdale, Brentwood, Westwood

L.A. City Council To Consider Mixed-Use Development In Fashion District

Posted: Tuesday, November 22, 2016 – 10:05 AM

The Los Angeles City Council will consider a mixed-use project Tuesday that would add 1,400 apartments and condominiums, a 200-room hotel and commercial space near downtown’s Fashion District.

The project at the site known for The Reef building, a design and wholesale showroom space at 1900 S. Broadway, includes a pair of residential buildings each towering over 30 stories, as well as retail and commercial areas.

Of the residential units, 549 would be rented out as apartments and another 895 would be sold as condominiums. Plans also include a hotel, community room and commercial areas featuring a grocery store, restaurant, gallery, fitness center, and retail shop space.

The Planning and Land Use Management Committee approved the project earlier this month over the vocal objections of dozens of supporters and members of United Neighbors in Defense Against Displacement, who argued that the project would drive up the cost of living in the area and make housing less affordable for nearby low-income residents.

The group, which filed a formal appeal with the city, raised concerns that the project does not include enough affordable housing on-site and contends that as many as 43,000 nearby residents could be displaced.

The project also had its share of supporters and received endorsements from some nearby residents, a labor group and the councilman for the area, Curren Price.

Price pointed to the thousands of jobs that the construction of the project and the future hotel could create, many of them for local residents. He also said the developer has agreed to contribute $15 million toward affordable housing projects at other locations and $3 million for job-training, after- school and other community programs.

The developer is also being asked to include 28 units of affordable units for very low-income tenants, a contribution that amounts to about $5.3 million, according Price spokeswoman Angelina Valencia.

CNS-11-22-2016 02:15

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign up for Breaking News & Alerts