ECHO PARK — The big hole in the ground at Temple Street and Union Avenue is getting filled up soon as preparations begin to build a four-story apartment building.
Passersby have noticed the arrival of heavy construction equipment on the triangular site, where a large pit dotted with concrete columns and rusting rebar mark the site of a failed condo development that has sat dormant for many years. Now, an affiliate of the real estate firm Bond Companies has pulled permits to build a 69-unit apartment building. The firm paid more than $4 million for the approximately 27,000-square-foot site, according to property records.
The apartment building is one of at least three large residential projects that are planned or are under construction on Temple Street in Echo Park and Filipinotown. Construction is now under way on a 49-unit apartment complex on Temple between Belmont and Glendale Boulevard, and, a few blocks west, the home of the Derby Dolls roller derby team is also slated for the development. The large amount of new housing has raised concern among nearby residents about increased congestion and loss of street parking.
In addition to 69 apartments, the Union Avenue project will also have a small amount of ground-floor commercial space, two levels of parking and a rooftop terrace. The Eastsider has contacted Bond Companies to get more details.