Bolour Associates has secured permission to build a 30-unit apartment complex in West Los Angeles.
The Beverly Hills-based developer was approved to build the five-story complex at 2424 Veteran Avenue, in Rancho Park, the Commercial Observer reported. It appears it would replace a commercial storefront, according to Google Maps.
Plans call for a five-story complex on the corner of West Pico Boulevard with 30 studio, one-bedroom and two-bedroom apartments from 475 to 975 square feet.
The project will include three live-work apartments, which could support uses from artist studios to professional offices. The complex will have two rooftop decks, and an unspecified amount of on-site parking.
The property is a few blocks east of the 405 Freeway and less than half a mile north of the 10 Freeway, as well as a few minutes walk west of the upcoming UCLA Research Park, according to the Observer.
Last month, UCLA announced it had purchased the 687,000-square-foot former Westside Pavilion mall for a new research park, paying Macerich and Hudson Pacific Properties $700 million.
A mile west, Penske Media, publisher of Variety and Rolling Stone, signed a 12-year, 125,000-square-foot lease in September for the new Lumen office building at 11355 West Olympic Boulevard, the Observer reported.
In December, Bolour Associates filed plans to turn the top floor of a century-old commercial landmark in Hollywood into eight live/work apartments at 6464 West Santa Monica Boulevard.
The adaptive-reuse proposal calls for eight one-bedroom flats, with dedicated work areas, plus replacing a ground-floor theater with 5,600 square feet of shops.
A year ago Bolour pursued another project when it filed plans to build a seven-story, 61-unit apartment complex at 4800 Melrose Avenue in East Hollywood.
— Dana Bartholomew
