A local real estate investor has filed plans for a 94-unit apartment complex in an area that’s attracting loads of affordable housing projects.
The owner of the development site at 1432-1438 W. Miramar Street is an entity connected to Daniel Gerlach, who has worked on several other small- to mid-size developments around Los Angeles.
The development site is a nearly 22,000-square-foot vacant lot that Gerlach-controlled Atlantic LLC picked up for $8.1 million in June 2018. Public records show that the complex in Westlake – an urban neighborhood sandwiched between Koreatown and Downtown – would feature 100 percent affordable housing.
Gerlach did not return phone calls seeking comment.
In 2018, The Real Deal reported that Gerlach also was planning a six-story complex at 1917 S. Western Ave., in nearby Harvard Heights. Temple LLC, which is associated with Gerlach, was mentioned as the developer behind the the mixed-use project that would include 30-units and 44,000-square-feet of commercial space.
Other affordable housing projects have been proposed in the Westlake area, including ones along West 7th Street and West Linwood Avenue — and possibly others to come following L.A. County’s proposed plan this week to spend $57 million in state funding to build hundreds of affordable and permanent supportive housing units in Downtown L.A. and in the San Fernando Valley.
Relevant Group, which has been developing luxury hotels in Hollywood, also is building affordable housing in the Westlake area.
The Hollywood-based firm plans to build a 100-percent affordable housing project in South Westlake.
And nonprofit real estate firm Deep Green Housing wants to build a 45,000-square-foot, 76-unit apartment complex at 1307 West 7th St.
The post Developer plans 94-unit affordable complex in Westlake appeared first on The Real Deal Los Angeles.
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