Eastside Real Estate & Development News
Welcome to a digest of Eastside real estate news, development and people. In this week’s issue:
East Hollywood’s landmark Union Swapmeet is to be replaced by a seven-story building. Construction has started on a Hyatt House Hotel at the USC Health Sciences Campus in Boyle Heights. And a 19-unit apartment building has been proposed for Glassell Park.
Real Estate Roundup
Ground has been broken for a Hyatt House Hotel at the USC Health Sciences Campus at the northeast corner of San Pablo and Alcazar Streets, Urbanize reports. The five-story building will have 200 guest rooms, 14,000 square feet of retail and restaurant space, and a conference center of about 18,000 square feet. It’s scheduled to be finished in early 2020.
A former wholesale grocery store is going to be converted into live-work space. The Building & Safety Department has issued permits to convert the building at 3731 E. Olympic Blvd. into five, live-work spaces.
The Union Swapmeet on Santa Monica Boulevard would be replaced with a seven-story mixed-used development, under an entitlement application filed with the city, according to Urbanize. The new building would feature 177 residential units and 5,500 square feet of ground-floor retail space. It is currently occupied by a variety of small shops, including the Korean restaurant Nabi.
A developer is seeking to build 19 apartments on a hillside lot at 2242 Cazador Street, according to a filing with the Planning Department. The developer is seeking permission to increase the building height beyond what is normally allowed.
Building permits have been issued for a 13-unit apartment building with ground floor retail at one of the neighborhood’s most prominent intersections, The Eastsider reported. 4Site Real Estate, which has developed numerous large apartment buildings on Temple Street in Echo Park and Historic Filipinotown, is building the mixed use project on the site of a former residential property at the southwest corner of Monterey Road and Avenue 60. The three-story building would wrap around a small courtyard and contain a pool.
Construction is in full swing for Albion Riverside Park, Urbanize reported. The six-acre park at Albion Street and Avenue 17 along the east bank of the Los Angeles River will have athletic fields, fitness equipment, walking paths, playgrounds, and a picnic area. It will effectively be an expansion of the nearby Downey Recreation Center. Construction started in May 2017, and is expected to be finish later this year.
Sunset Junction in Silver Lake has seen several businesses come and go in recent weeks, and The Eastsider has a run-down: The branch of El Pollo Loco was damaged by a fire on December 2 and will not be reopening. A 1,500-square-foot coffee shop, previously known as Eat Well, is up for lease, and is scheduled to close for good on Jan. 27. The Vietnamese eatery Blossom Restaurant is up for sale, though with an agreement to extend the lease. Meanwhile, Creatures of Comfort, a high-end women’s apparel store, shuttered after only a year. But Yolk Design Store has moved into the former Bar Keeper space. And A sign for California Sun has risen above the former Mixed Company — a restaurant that lasted less than a year.
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That’s it for this issue of Real Estate Monday. We’re taking off next Monday but will return after the holiday.
— Barry Lank & Jesús Sanchez
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