HISTORIC FILIPINOTOWN — The large amount of money being spent to build large, new apartment buildings along Temple Street appears to be paying off, at least for one developer.
The $30 million HōM apartments on Temple at Robinson Street has yet to open. But already more than 35% of the 67 apartments in the block-long complex have been pre-leased, with all but one of the one-bedroom units having been taken at monthly rents of up $2,370, according to representatives of developer Sharp Capital. The ground-floor retail space has also been leased by a probiotic juice shop called Drink Houz, which will be serving cold press juices as well as coffee on a stretch of Temple at Robinson Street that has few such amenities.
Rents for the one- to three bedroom apartments range for $1,900 to $3,400. The first residents are expected to begin moving in later this month.
“Compared to other options in Silver Lake north of the 101, which are often older properties in need of refurbishing and updates in amenities, HōM is very attractive and the reason we have been so successful,” according to a statement issued by company representatives.
HōM is one of several new residential developments that are planned or are under construction in the Temple Street corridor that cuts through the southern section of Echo Park and Historic Filipinotown. The large amount of new housing has raised concern among nearby residents about increased congestion and loss of street parking.
Here’s a run down of some of the Temple projects:
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