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.