The housing market continues to tumble, but the owners of the sprawling Wyvernwood Garden Apartments in Boyle Heights are preparing for an eventual rebound. Many Wyvernwood tenants, however, are preparing for trouble . More than two hundred of them expressed their concerns at a meeting about the owner’s plans to eventually demolish the 1,800, post-war apartments and build more than 4,000 units of housing near the landmark Sears store at Olympic and Soto, according to EGP News.
The ambitious plan by Fifteen Group, which was unveiled earlier this year, have yet to receive government approval and may take years to realize. The uncertainty, however, only adds to the anxiety among many low-income tenants like Sonia Mencia, who has called Wyvernwood home for 27 years.
Photo: EGP News