AMCAL Multi Housing Company, an Agoura Hills-based real estate developer, has broken ground on an affordable housing complex near the Red Line's Vermont/Beverly Station.
The Meridian Apartments, located on a roughly one-acre site at 215 N. Vermont Avenue, will consist of a four-story structure featuring 100 studio, one-, two- and three-bedroom apartments above approximately 4,100 square feet of ground-floor commercial space.
According to a document from the State Treasurer's Office, units in the mixed-use development will be restricted to families making between 30% and 50% of the Los Angeles area median income. Rents will range between $458 and $1,272 per month.
Documents from the Los Angeles Department of City Planning indicate that the project will include amenities such as a community room, a landscaped courtyard, and parking accommodations for up to 111 vehicles and 55 bicycles.
The low-rise building, designed by Santa Monica-based Killefer Flammang Architects, will be clad with a combination of cement plaster, ceramic tile and perforated metal panels.
A construction notice posted at the development site states that completion of the Meridian Apartments is expected by Fall 2017.
As of late December 2015, excavation for the building's foundation was underway.
- Affordable Housing Headed Near Vermont/Beverly Station (Urbanize LA)
- Project Staff Report - 048 (California State Treasurer's Office)
- Recommendation Report (L.A. City Council)