Another multifamily residential complex is planned in the South Park neighborhood of Downtown Los Angeles.

According to broker Samir Rai of Keystone Realty, Los Angeles-based FMB Development recently closed on a property at 1317 S. Hope Street, and will soon begin construction for a seven-story building on the property.  Permit filings from the Department of Building and Safety describe the project as featuring 38 residential units - including six units for very low income households - above ground-floor retail space and two levels of underground parking.

The proposed development, designed by DE Architects, would replace a small warehouse.  However, an exact timeline for the project is unclear.

Rai also notes that a similar entitled property is currently on the market for $4.7 million a short distance south at 1333 S. Hope Street.

The project represents the continued southward expansion of Downtown's residential community, which has now established a foothold along Pico Boulevard.

FMB's project sits immediately south of a large parking lot which is slated for the second phase of Jade Enterprises' Onyx development.

Image courtesy of Samir Rai
1317 S. Hope Street
1317 S. Hope Street (Image: Google Maps)

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Progress Report for Metrolinks New Burbank Airport Station

The new stop on the Antelope Valley Line is scheduled to open in May.

One year into construction, a new commuter rail station is nearing completion at Hollywood Burbank Airport.

The at-grade station Burbank Airport - North Station will provide daily service on Metrolink's Antelope Valley Line when it opens this coming May.  It is located approximately one mile from the airport and will be connected to the main terminal through a shuttle service.  The complete project includes canopies, bike racks, benches, and electronic displays for train schedules.