George Smith Partners has announced a $21.6-million construction loan for the development of a mixed-use building in Silver Lake.

The project, located at 3400 Sunset Boulevard, is a joint venture between Barth Partners and Barry Leddy Development.  It is the first luxury condominium complex in Silver Lake to be built in more than a decade, according to GSP Managing Director Jonathan Lee.

The building site, which abuts the Micheltorena Stairs, will yield a five-story structure featuring 35 dwelling units atop 2,000 square feet of ground-floor commercial space, designed for a restaurant. 

A rendering portrays a contemporary design, featuring outdoor seating along Sunset, multiple roof decks, balconies and a swimming pool.  Other amenities will include a gym and conference rooms for residents who work from home.

Rendering of 3400 Sunset Boulevard
Image via Google Maps

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Six-Story Apartment Building to Rise on Westlake Parking Lot

Another project through the Transit Oriented Communities program.

A 9,300-square-foot surface parking lot in Westlake is slated for development, according to plans filed last week with the City of Los Angeles.

The property, located at 366 S. Loma Drive, could see the construction of a six-story building featuring 39 apartments - including affordable units - above a partially subterranean parking garage.