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:
The city has signed off on a nearly 100,000-square-foot mixed-use project in Los Feliz but now a lawsuit has been filed over the city’s approval. Meanwhile in Echo Park, some basketball and handball courts near The Echo nightclub could be turned into housing for the homeless. And if you’re a butcher or a furrier, don’t bother applying to lease space at a PETA building in Silver Lake.
Real Estate Roundup
Developers and property owners who once had to replace street trees they cut down will now be able to pay a fee ranging from $267 to $2,612 to have the city plant replacement trees nearby. L.A. Times
The 130-year-old Luckenbach House – which served for awhile as the first Jewish hospital in Los Angeles – has sold for $1.42 million. The 4-bedroom Carroll Avenue Victorian, which was originally built as a single-family home for businessman James S. Luckenbach, is now listed as a fourplex – with one bed and one bath per unit. More to come in an upcoming The Eastsider story.
A grand opening was held this weekend for The E.R.B. but 18 of the 45 townhomes in the Eagle Rock Boulevard development had already been sold in a pre-sales period, according to Tracy Do Real Estate (an Eastsider sponsor), which is handling sales for the project. Prices for the 3-bedroom, small-lot homes with roof decks start at $826,900.
Housing for the homeless could replace the handball and basketball courts behind The Echo nightclub, under a plan suggested by Councilman Mitch O’Farrell. The city-owned property on Glendale Boulevard south of Sunset Boulevard “may be suitable for development as permanent supportive housing to help address the city’s homelessness and housing crisis,” said O’Farrell’s City Council motion. The Eastsider
A million-square-foot residential and commercial project proposed between Echo Park and Downtown is partly located on an earthquake fault and will require the demolition of some architecturally significant buildings. Those are some of the findings of an initial Planning Department study that says the $600 million project will — as expected — require a full environmental impact report. The unnamed fault is not considered active but the Building & Safety Department has requested a more detailed geologic study.
The game-and landscape-changing development includes a 49-story skyscraper, a hotel, shops, restaurants and nearly 800 residential units. The development in the 1100 block of Sunset Boulevard will take a decade to complete, says the initial study.
Seventeen small-lot homes will replace three 1920s era houses along the 3400 block of Fletcher Drive, Urbanize reports. Irvine-based Calcagnie Group plans to build the three-story homes in four different floor plans, ranging between 1,826 and 2,806 square feet.
Things keep booming along the Temple Street Corridor. A developer is seeking permission to build a four-story, 47-unit apartment building on Rosenell Terrace, including four “extremely low income” units, and 46 parking spaces. This is right next door to a proposed 71-unit apartment complex. This project, in turn, is a block east of a 47-unit apartment building recently completed on Temple at Coronado Street.
A lawsuit is challenging the city’s approval of a 97,334-square-foot mixed-use project at the corner of Franklin and Western avenues, the Los Feliz Ledger reports. The Los Feliz Improvement Association filed the suit against the city and developer Western and Franklin, LLC. The organization said in a statement that it was concerned with the city’s approval of off-site liquor sales, a lack of traffic mitigation, and what the LFIA called a low level of affordable housing at the project.
Concrete has been poured for eight tri-level homes at 853 Hyperion Ave. in a development to be known as Hyperion Silver Lake. Each 3-bedroom unit will have decks, a two-car garage, and water and energy conserving features. The developer expects to complete construction in November but prices are not yet available.
Marque Richardson, star of Netflix’s “Dear White People,” has turned the loft in his Silver Lake apartment into an orange-colored office, creative space and workout room. L.A. Times
The PETA Empathy Center is up for lease. The facility on Sunset Boulevard and Benton Way opened last year for community events, such as workshops and movie screenings. “PETA is on the prowl for an ethical long-term tenant for the Empathy Center, where the artwork encouraging compassion for all animals will remain,” said PETA Executive Vice President Tracy Reiman told The Eastsider. “No butcher, leatherworker, furrier, taxidermist, or other animal-exploiting enterprises need apply.”
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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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