A Roundup of Eastside Real Estate and Development News
Welcome to a digest of Eastside real estate news, development and people. In this week’s issue:
Plans have surfaced to demolish a single-family Silver Lake home to make way for a 33-unit apartment building. Podcaster Marc Maron sold his Highland Park way above the asking price. And a new affordable apartment building opens in Boyle Heights.
Real Estate Roundup
What homelessness looked like in 1948: A story from the L.A. Times archives focuses on a homeless family of seven that had been living in a tent near Elysian Park after being evicted from their apartment. L.A. Times
The new Cielito Lindo apartment complex on E. 1st Street has opened up to welcome 50 families, including seven tenants who had been displaced from the old buildings that had once stood on that site, Boyle Heights Beat reports.
A $173-million plan to modernize Roosevelt High and tear down the iconic “R Building” in the heart of campus won the endorsement of the L.A. school board, The Eastsider said.
A strip mall at the southwest corner of Melrose and Ardmore avenues could be replaced with a six-story, 66-unit, mixed-income apartment complex, Urbanize said. The project was filed through the city’s Transit Oriented Communities program, which provides incentives to build affordable housing near transit lines. Six units in this project would be extremely-low-income housing, according to papers filed with the city.
Two city-owned properties north of Echo Park Lake could be offered up for permanent supportive housing for homeless tenants under a motion introduced by Councilmember Mitch O’Farrell, Urbanize said. The Council’s Homelessness and Poverty Committee will now review the proposal for the lots at 1140-1152 N. Glendale Boulevard.
The most recent proposal to transform a vacant, triangular block into a retail center has popped up on LoopNet. To be honest, we have lost track of the proposals and renderings for the property at Glendale Boulevard and Montana Street. It’s been more than 10 years since the city considered turning the former gas station site into a plaza but never acted on the idea. Then came plans to create an “island” of retail that were widely mocked and then followed by revised proposals. But nothing was ever built. The latest listing and renderings for what’s called Echo Park Triangle Plaza show a 2-story restaurant and retail building plus a 200-square-foot, free-standing retail kiosk. All this is supposed to be built next year. We’ll believe it when we see it.
The New York Times pays a visit to the white-on-white Echo Park cabin of Leanne Ford, an interior designer and co-host of HGTV’s Restored by the Fords. She shares her Los Angeles home with husband Erik Allen Ford, cofounder of Buck Mason, a menswear maker with a Silver Lake shop. Last year, Curbed LA featured Ford’s redo of her husband Mid Century Echo Park duplex apartment.
Marc Maron sold his 2-bedroom home and the garage that served as his postcast studio for $920,000 — $171,000 above the asking price, according to Redfin. Countless WTF guests — including then President Barack Obama — traveled to Maron’s home in the 1800 block of Phillips Way to be interviewed for the podcast. Maron purchased the Spanish-style home for $375,000 in 2003. The New York Times reported that Maron will be moving his studio into the garage of a Craftsman-style home located about 10 minutes away.
The name of a large Temple Street apartment building now under construction has become a sore point for some Historic Filipinotown activists. The development calls itself the Alexan South Echo – an apparent reference to Echo Park — but does not acknowledge the surrounding Historic Filipinotown area. An announcement for Love and Loss in Hi Fi, a series of events intended to generate appreciation for the history and culture of Historic Filipinotown, said the development was “attempting to rebrand the community as ‘South Echo’” and was a “blatant attempt to whitewash Hi Fi’s history, name, and cultural contributions to Los Angeles.”
A Craftsman-style Silver Lake home could be replaced a 33-unit apartment building, according to Urbanize, which cited papers filed through the city’s Transit Oriented Communities program – a program that allows increased density and relief from some zoning provisions in exchange for subsidized affordable housing. The project at 1032 N. Coronado Street would include four very-low-income units.
On The Market
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That’s it for this issue of Real Estate Monday. We will be back next Monday.
— Barry Lank & Jesús Sanchez
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