It appears that Skid Row Housing Trust's latest Downtown project is ready to get underway.
The proposed development, known as the 649 Lofts, is slated for an approximately .34-acre property at the northwest corner of 7th and Wall Streets. Plans call for a seven-story building, greeting 54 studio apartments geared toward formerly homeless and other at-risk individuals, as well as one manager's unit. Plans also call for 25,000 square feet of ground-floor commercial space, which will feature a clinic operated by Los Angeles Christian Health Centers, as well as parking for 25 vehicles.
A document from the State Treasurer's Office shows that rents at the 649 Lofts will be priced between $473 and $788 per month, with units set aside for individuals making between 30 and 50 percent of the Los Angeles area median income.
SRHT has turned to the in-house architects at Abode Communities to design the project. Renderings show a contemporary mid-rise structure, designed to give reference to the eave line of an adjacent building. Multiple outdoor amenity decks are planned throughout the property.
An exact timeline for the $27-million development has not been announced, although the project site was recently cleared.
A sister development - featuring 100 affordable units - is planned on the opposite side of Wall Street. Opposite 7th Street, the Southern California Flower Market is planning to reconstruct its facility as part of a mixed-use high-rise complex.
- Skid Row Housing Trust Archive (Urbanize LA)