The neighbors of far north Elysian Heights have over the years managed to delay the development of a gently sloping hillside shaded by a forest of towering eucalptuts and oak trees. The weak economy and real estate market have also worked at keeping the bulldozers at bay from a trio of large parcels off Allesandro Street and Rosebud Avenue. This week, however, a developer named Planet Home Living announced it has purchased the approximately three-acre property and, according to people familiar with the deal, plans to break ground this fall on 15 homes. The project, which the developer has called Echo Park 15 @ Allesandro, takes advantage of the city’s small-lot subdivision ordinance, which makes it easier for builders to break up and build on large lots.
“They [the developers] are excited,” said Bryant Brislin with the Hoffman Co., which represented the seller. It’s the first small-lot development for Planet Home, which has been encouraged by recent property sales and other new development. “New development is going to be in full swing shortly all over Northeast L.A.,” Brislin said.
News of the land sale comes two years after a City Council planning committee rejected an appeal by residents opposed to the project. While City Council rejected the appeal, the previous property owner had put the property up for sale amid delays.
Opponents said the development, which would rise below the former home of engraver Paul Landacre, would lead to the destruction of more than 50 trees. The developer said one-third of the property would remain open space.
The homes, according to the developer’s website, would range from 1,500 to 1,800-square-feet.