Eastside Real Estate & Development News
Welcome to a digest of Eastside real estate news, development and people. In this week’s issue:
Find out about the street in Angelino Heights that’s home to Lady Gaga’s character in “A Star is Born.” Renderings have emerged for the large apartment building that would go on top of the Vermont/Santa Monica Metro Station. And plans are taking shape for a 200-unit apartment and extended-stay hotel three blocks from the river in Lincoln Heights.
Real Estate Roundup
Many fans of the newest version of “A Star Is Born” are wondering where Lady Gaga’s character lives. Karen Murphy, the film’s production designer, told Vanity Fair that the character of Ally and her father live on Kensington Road. Murphy said she chose it because it “needed to feel like a family lived there but not be a mansion.” She also liked the view. “It’s high, it overlooks downtown Los Angeles, which gives it an interesting outlook from the street, and we were going to utilize the outside as well so we’d see a view.” It appears that the house (based on these and other photos) is on East Kensington Road, not too far from where the “Fast and Furious” home has become a popular fan destination. Will we soon see “A Star is Born” fans heading to Kensington Road?
The site of the Vons supermarket at Sunset Boulevard and Virgil Avenue has been purchased by the nearby Children’s Hospital Los Angeles, according to Los Angeles Business Journal. The 43,500-square-foot property near Los Feliz went for $90 million, or nearly $2,100 per square foot. Vons has agreed to a multi-year leaseback of the property. A spokesman for Children’s Hospital, Lorenzo Benet, told the Journal, “There are no immediate plans to change how that property is being used.” It’s the most recent land purchase by the hospital, which in recent years has acquired the sites of the former Circuit City store and Acapulco restaurant on Sunset.
Renderings are emerging of the proposed mixed-use affordable housing development that could be built on top of the Vermont/Santa Monica Metro Station. Views from Vermont Avenue, Santa Monica Boulevard and New Hampshire Avenue appear on the web site for Little Tokyo Service Center, which is working with Los Angeles County Metro Transit Authority to build 160-200 affordable units and 15,000-20,000 square feet of commercial and social service space at the station. Urbanize notes this currently consists of an 18-month exclusive negotiating agreement for the property, as LTSC conducts public outreach for the project. A joint development and ground lease for the site is later anticipated for summer 2019.
Is it a lighthouse? A water tower? The mixed-use structure going up at Fountain and Virgil avenues in East Hollywood certainly doesn’t look like anything currently under construction nearby. And that’s what artist and builder Christoff Van Kooning intended. The Eastsider
Plans have been filed for a 45-unit mixed-use apartment development right by an entrance to the southbound 101. The site – currently a vacant lot – lies between the the 5400 block of Santa Monica Boulevard and the 5300 block of Sierra Vista Avenue. Five of the units in the four-story complex are to be set aside for extremely-low-income households. Urbanize reports that the project applicant affiliated with L.A. developer Verono Homes.
The Bob Baker Marionette Theater will leave its Echo Park home late next month, after more than 50 years of performances. A developer is preparing to construct a 104-unit residential project on the site of the cinderblock theater at Glendale Boulevard and 1st Street. There had been plans to resume some performances at the site, along with workshops and a small museum, once construction was finished. But now the theater company intends to find a new location as it stages productions around the city. The last performance at the theater’s longtime home will be held November 23. “We feel the collective loss in losing a space that has hosted so many memories,” said executive director and head puppeteer Alex Evans. The Eastsider
A 200-unit apartment and extended-stay hotel has been proposed for 181 N. Avenue 21, about three blocks from the L.A. River, The Real Deal reports. 4Site Real Estate, based out of Echo Park, filed plans that include 100 rental units, 100 long-term hotel rooms and 4,700 square feet of commercial space. That addresses currently has mostly single-family homes. Urbanize notes that the 1.2-acre site fronts along San Fernando Road, Barranca Street, and Avenue 21. 4Site has built several large apartment buildings on Temple Street in Echo Park and Historic Filipinotown.
A proposal to construct a new student apartment building at USC’s Health Sciences Campus recently went before the City Planning Commission, with a staff recommendation of approval. The project at 1630 North San Pablo Street and 3660-3700 East Valley Boulevard is to be approximately 136,034 square feet, with 95-units of graduate student housing. Urbanize said the six-story project would also include 10,000 square feet of ground-floor commercial space, and that the developer hopes to open the building by late 2020.
Developer RC Homes has begun construction of the The Griffith, a new development of 11 single-family homes at 1933 Griffith Park Blvd. The 3-bedroom homes with 2-car garages and roof decks are scheduled to start pre-sales by the end of the year, wie prices starting at $1.2 million. RC Homes is also building the nearby 8-home Hyperion Silver Lake project.
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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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