238427 SF • 1.5 Acres • Loan Placement
The subject property is a ±64,266 SF rectangular parcel at the northeast corner of La Cienega Blvd and Boden St in the West Adams Community neighborhood of the City of Los Angeles in an opportunity zone. The Property is less than ¼ mile from the La Cienega/Jefferson light rail station of the Metro E (Expo) line and ½ mile south of I-10 Freeway. The Property enjoys over 525’ of frontage along La Cienega Blvd and ±100’ frontage on Boyden St. As such, the Property has excellent visibility from north-and south-bound La Cienega Blvd.
This development will consist of a “build-to-core” 5-star seven story apartment building consisting of 254-units and 238,467 SF. Construction is expected to be completed in 28-months. Upon completion the Development will be developed to LEED Platinum standards with house lights on solar power and a cool roof. Residential units will be located on all seven floors with a collection of studio, one-, two-and three-bedroom units. Notably, facing La Cienega Blvd on the first and second floor will be two-story lofts with stoops. According to Don Empakeris AIA, the projects architect, “the stoops were created in response to the city’szero setback requirement so instead of flat walls we created a very approachable exterior with accessible open space along La Cienega Boulevard. The use of warm colors and contrasting textures such as striated panels on the façade help to break down the scale of the building and will be very elegant.”