The property, located at 5757 Wilshire Boulevard, received entitlements in 2015 for the construction of a 12-story, 250,000-square-foot office tower and a 2,100-car expansion of an existing parking structure. But according to a filing today with the Los Angeles Department of City Planning, the J.H. Snyder Company is now requesting a plan approval for a change of use at the proposed development from commercial space to multifamily residential.
Although the filing with Planning does not indicate what the revised project would entail, a permit application with the Department of Building and Saftey describes a 21-story edifice that would feature 285 dwelling units atop two levels of subterranean parking.
The reason for the requested change is unclear. Snyder had previously announced an intention to break ground on the $170-million project in Spring 2017, but missed that deadline without explanation.
Snyder, whose most recent projects include office buildings at 959 Seward Street and 1601 Vine Street in Hollywood, has a track record with high-rise apartment buildings. In 2014, the developer completed a pair of glass rental towers at the corner of Wilshire and Vermont Avenue in Koreatown known as the Vermont. The property has since been sold.
The Mid-Wilshire corridor has recently seen the addition of a similar apartment tower to the west at Crescent Heights Boulevard. That 18-story building, which is being developed by UDR, Inc., will feature 158 residential units above ground-floor commercial space. Another 15-story tower is proposed to replace a surface parking lot nearby at Wilshire and La Jolla Avenue, but has yet to begin construction.
Other ongoing and proposed developments in the surrounding area include the new Academy of Motion Picture Arts and Sciences Museum at Wilshire and Fairfax Avenue, the proposed Peter Zumthor-designed rebuild of the main LACMA campus, and the extension of the Purple Line subway to Century City via Beverly Hills and the Miracle Mile.