Downtown apartment developer Geoff Palmer is preparing to build his largest residential project yet – a 1,500-unit, mixed-use development on Temple Street near the eastern fringe of Echo Park.
Palmer’s newest project would rise seven stories on the west side of the 110 Freeway at Temple and Beaudry Avenue, a site now occupied by a data processing center. The 9.6-acre site is on the other side of the 110 Freeway from where a large portion of his under-construction Da Vinci apartments were destroyed last year in a giant blaze believed to be set by an arsonist. Palmer said he remains committed to building on that site, and recently opened the undamaged part of the complex.
According to a Planning Department summary, Palmer’s firm is requesting entitlements to build a mixed-use building consisting of 30,000-square-feet of commercial and retail space on the ground floor and about 1,500 residential units on upper floors. An entity controlled by Palmer purchased the site for $61 million in 2013.
The Eastsider has contacted Palmer’s firmer for more details.
The new project – which is named Ferrante, according to some online city documents – would rank as Palmer’s largest project in the downtown area, where he has built more than 3,000 apartments since 2002.