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Landmark eyes 12-story student housing near UCLA

Landmark Properties wants to build a 12-story apartment building in Westwood, targeting students from nearby UCLA, that’s five floors taller than its initial plans.

The Georgia-based student housing developer has filed revised plans to build the 84-unit highrise at 505 South Landfair Avenue and 504 South Glenrock Avenue, Urbanize Los Angeles reported. It would replace a pair of older, two-story apartments, built in 1948.

The move comes a year after the developer broke ground on a 37-unit Westwood complex near UCLA.

Plans for the new building, dubbed The Metropolitan at Los Angeles, call for 84 studio, one-, two-, three-, four- and five-bedroom apartments atop parking for 16 cars.

Landmark employs density bonus incentives, including Assembly Bill 2334 and AB 1287, to permit a larger building than allowed by local zoning rules in exchange for 12 affordable apartments for low and very low-income households.

“This neighborhood is desperately in need of newly built, high-quality housing, especially affordable units, as the majority of residential opportunities are in older buildings,” Jason Doornbos, executive managing director of development for Landmark Properties, said in a statement.

The new application replaces an earlier proposal by Landmark for a  seven-story, 56-unit complex.

The white highrise, designed by West Adams-based LOHA, would soar 139 feet, west of the UCLA campus. It would include a swimming pool, fitness area, recreation rooms and landscaped patios.

The stepped building would rise on a series of off-kilter blocks and include narrow floor-to-ceiling windows and a deck atop a sixth-floor wing, according to renderings.

If approved, the Metropolitan would be the third Los Angeles development by Landmark, joining the Westwood student housing and a 429-unit complex now taking shape across the street from Exposition Park, near USC, according to Urbanize.

Landmark Properties, founded in 2004, has $13 billion in assets under management, including  115 residential properties with 71,000 beds, plus 22 student and multifamily projects in the pipeline, according to its website.

— Dana Bartholomew

Read more

  • Landmark Properties eyes 110-unit tower across from UC Berkeley
  • Cloisterf**k: Landmark’s UM housing unfinished, students stuck in hotel

The post Landmark eyes 12-story student housing near UCLA appeared first on The Real Deal.

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  • 30 October 2024
  • The Real Deal
  • Uncategorized
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