Property flip: Builder puts Elysian Heights project back up for sale

Only a few months after purchasing a three-acre parcel in Elysian Heights, a developer seeking to build 15 homes on the hillside property has put the project back on the market. News of the sale comes one day after the owners of Planet Home Living met with residents to discuss their concerns about the cutting down of more than 40 native trees on the property near  Allesandro Street and Rosebud Avenue.  Michael Marini of Planet Home, which purchased the three-acre site this spring,  said his firm remains committed to building the 15 homes under the city’s small lot ordinance but would also consider potential offers to buy the property in light of other recent land sales in Echo Park, Eagle Rock and other nearby neighborhoods.

“There has been a lot of activity in this area,” Marini said of recent land sales.  “It’s not a financial issue – we have the financial means to get construction loans to build this right away. We really, really want to build this.”

During the meeting, Marini and business partner David French said they had modified earlier grading plans to remove less soil from the site and plant more than 168 trees to replace the mature trees that will be cut down.  The developers are being required by the city to grade a portion of the property to stabilize a slope that would loom over the homes.  Marini and French vowed that the newly graded and planted hillside planted would remain open space with a trail.

Marini said those commitments would have to be honored even Planet Home Living sold the property to another developer.

He said no asking price has been set for the property but bids were being accepted through Oct. 20, according to a land sales website.

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  1. If I had the cash, I’d buy up these 3 acres and build a small 2 bedroom Craftsman Bungalow. That’s it. To feel like I live in the woods while still in LA proper is a little fantasy I have.

  2. You bet, Lauren. I’d do the same, but go with my latest modern obsession – container housing. And, I let the Tomato King plant plant away to his hearts content 🙂

  3. Anyone attend this meeting? Residents must have given them a bird big enough to hesitate on development.

  4. We live in an area around here that is still blessed with tree-covered, grassy slopes. Where hawks whirl overhead by day and owls hunt silently by night. It is what gives this part of town its distinct character, and provides the rest of the city with much needed water shed, cooling and fresh air. But for some reason the city keeps giving leave to developers the carve it up and ‘develop’ it. ‘Open space’ in the city’s parlance is ‘unimproved land’. Its just sitting there in the way, waiting to to receive the gift of another condo complex. “High-density housing” zoning variances provide ‘improvement’. Really? When does it stop? There are some neighborhood hero’s who have been fighting this assault for decades, and, remarkably, they’ve been fairly successful. So far. Hat’s off to them!

  5. God I hope there is some way to keep this from being developed. Such a beautiful site — and no “remediation” could make up for taking out so many mature native trees.

  6. is there someone i can write to or call to stop the continuous development of the park?

  7. @ Danny.

    Sadly it’s not the Park. Years ago, the CCSEP (Citizens Committee to Save Elysian Park) was working with Eric Garcettis office to try and buy the land to add to Elysian Park. In those days the land was very inexpensive. Sadly it was not a priority for the CD office (that and the Echo Park Community Garden), which also is know being proposed for massive condo/unit development. We lost a lot of Open Space opportunities back in that first term.
    Perhaps now CD13 could leverage funds to expand the park?


  8. @Planning Lady:

    Hopefully things will change.

  9. Our family lives on the property next door to the property. Im glad the developers hesitated. We enjoy sitting on our front porch and watching the herons and red-tails give some beautiful aerial shows over those trees they planned to cut down. Glad the residents shared their concerns.

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