SILVER LAKE — The developers seeking to turn an approximately one-acre chunk of Silver Lake into the site of 136 apartments and 12,000-square-feet of retail space are scheduled to appear tonight before a community meeting.
A representative for CIM Group, one of Hollywood’s largest and most politically connected developers, said that 15% of the units would be set aside for very low income tenants. The inclusion of affordable housing often allows a developer to build a project than would normally be allowed without special permission.
The development of four and-five story buildings would rise on the site of what is now Phil’s Transfer & Storage near the corner of Bellevue Avenue and Silver Lake Boulevard. It would rank as one of the single largest developments south of Sunset Boulevard. It would include 236 parking spaces. The property went up for sale last year at more than $10 million.
The final design and details of the project have yet to be worked out. But a presentation last March before the Silver Lake Neighborhood Council’s Urban Design & Preservation Committee provided an idea of what the developer has in mind. According to the minutes of the meeting, the buildings would be clustered around numerous courtyards, including a central courtyard or plaza along Bellevue Avenue.
Persons who attended the March meeting welcomed the idea of additional shops in the south end of Silver Lake. But they were worried about the height of the buildings in an area of primarily one and two-story homes and structures.
CIM Group has been mired in a legal battle over a 299-unit Hollywood high rise after a judge invalidated the project’s building permits, prompting the city to order all current tenants to leave. That order was put on hold until a lawsuit challenging the project is resolved.
Tonight’s public meeting (June 16), which is hosted by the Urban Design & Preservation Committee, is scheduled to begin at 6:30 p.m. in the Holy Virgin Mary Russian Orthodox Cathedral, 650 Micheltorena Street.
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