Local Development Files Plans for Development of 136-Unit Apartment Building to Meet Significant Demand in Los Angeles Market
LOS ANGELES, CA – Local Development, a Los Angeles-based real estate developer, has filed plans for a seven-story, 136-unit apartment building located at 5101-5125 W. Pico Boulevard in Los Angeles.
The project is expected to include a mix of studio, one-, two- and three-bedroom residences. The majority of the project will be rental at market price, while 13 would be reserved for tenants at the very low income housing level.
“There is a significant demand for housing in this area of Los Angeles,” said Jason Grant, founder and director of local development. “We look forward to delivering an accessible, well-designed building offering high-quality housing in an area ripe for development. We also believe this building will help attract more residential developments and local businesses to the neighborhood.
Designed by Lahmon Architects, the building seamlessly integrates the architectural scale and language of the adjacent neighborhood into this much-needed higher-density site enhancement. The brick facade of the two-story base mimics the facade of neighboring homes, while entry porches and Juliet balconies provide dynamic scale. Ground-level living work units with enclosed outdoor spaces line the base of the driveway development from Redondo Avenue to the corner of Pico and Meadowbrook.
Amenities will include parcel lockers, fitness center, business center, rooftop terrace, two-story clubhouse, dog play area with wash station and swimming pool at the podium level with outdoor barbecues and cabanas. The project will also include more than the minimum required electric vehicle charging stations to keep up with industry development and demand.
“We created a unique design for this building that emulates the architecture of the surrounding environment. We found a way to seamlessly juxtapose the lower and upper scales, providing the benefit of a much-needed denser housing pattern,” said Mark Lahmon, AIA, LEED AP. “Our goal is to provide a solution that has its own unique identity informed by the context of its neighborhood and that benefits both its residents and its community.”
Groundbreaking is expected to begin in the second quarter of 2024.