Saturday, October 22, 2016

More Action On Temple: Developer wants to fill big Echo Park pit with residential project *

The plywood barricades at Temple Street and Union Avenue in Echo Park have for several years now surrounded a large, triangular pit dotted with concrete columns and rusting rebar.  It’s a graveyard of sorts for a failed four-story, 52-unit condo development  that fell into foreclosure.  Now, a new owner has taken over the project and plans to move forward with a  69-unit apartment project with a small retail space.

The Eastsider is trying to track down the identify of the developer who paid more than $2 million earlier this year for the property at 330 N. Union Avenue and is now seeking to build  69 residential units, 98 parking spaces and 500 square-feet of retail space, according to a summary of filings with the city’s Planning Department.

The new apartments would join several other large apartment complexes that are currently planned or underway nearby on Temple Street, including  a  49-unit complex with a pool and a 67-unit project on an empty lot next to the Western Exterminators building.

* Correction: A previous version of this story, citing a lender on the project, said the developers would take advantage of a “density bonus”  to build 69 apartments. That’s wrong. Consultant Dana Sayles said current zoning allows 69 apartments without any special city approval. In addition, the developer will be including 104 parking spaces, which is greater than the 98 spaces described in the Planning Department summary.

The retail space, which be located at the northern tip of the property on Temple Street, could take the form of a small coffee shop, gallery or some other form of commercial space, she said.

Sayles will be presenting more information about the project at an upcoming planning committee meeting of the Echo Park neighborhood council.

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  1. 500 sqft of commercial space??? otherwise known as the broom closet..

  2. Ah yes, the old density bonus. If a developer promises a certain percentage of units to be sold below market rate to low-income buyers, they can increase the density of their project above what current zoning allows.

    Since the low-income requirement only applies at the time of purchase, your neighbor might have purchased their condo at a fraction of what you paid.. but now has a new wife or a new job and a family income above yours. Maybe he’ll invite you over for a BBQ. Sucker.

  3. Speaking as someone who drives or walks past that open pit every day, sometimes repeatedly, I have to say at this point I don’t care what they put there as long as they build SOMETHING.

  4. On behalf of Union Recovery LLC, I’d like to thank members of the community for tirelessly waiting at PLUC on Tuesday night to hear our project proposal for completing the construction at 330 N. Union Avenue. Despite the late evening, we were able to make a presentation on the project and receive valuable feedback from the neighbors. As we discussed the other night, we are working within the confines of the existing partially completed parking garage which limits the size of the potential commercial space along Temple Street. We are happy to share the renderings of this space with any of you interested in hearing more. Our team is anxious to hear your input directly on our project from those of you reading or responding to this post. Please reach out to us at [email protected] so that we can keep you informed about project progress, and let you know about any upcoming meetings. Thank you!

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