The demolition of Silver Lake’s Coffee Table cafe for a 45-unit condo project has attracted attention, and concern, about new development on the north end of the neighborhood. But the Coffee Table project by 15 Group is not the only major development in the immediate vicinity. Less than three blocks away on the top of a hill with views of Griffith Park and the Los Angeles River, Taag Investment is poised to begun work on an even larger townhouse project called Waverly Terrace. An “opening soon” sign recently went up on the property on Waverly Terrace and Glendale Boulevard that Taag paid $11 million for last November. Now a one-page project website has gone live with a rendering of three-level units with rooftop terraces.
Taag has not released prices or a construction time line but the company has said it can build up to 63 homes on the vacant property, once the site of the Monte Sano Hospital & Sanitarium, according to the Corralitas Red Car Property blog.