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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.

Image via Abode Communities
Image via Abode Communities
Image via Abode Communities
Image via Google Maps

From the Web

Mixed-Use Development Planned Near Laguna Niguel Metrolink Station

The project is part of the city's Gateway District.
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The Laguna Niguel Planning Commission has approved a mixed-use development near the city's Metrolink Station.  The joint venture between Blackwood Real Estate and Walbern, located near the intersection of Crown Valley Parkway and Forbes Road, will consist of 100 two- and three-bedroom apartments in a seven-story building.  Plans also call for 2,700 square feet of ground-floor retail space, as well as a pool courtyard, a fitness center, a private garden, and a sky deck.