The Los Angeles City Council’s Planning and Land Use Management Committee has signed off on a Sustainable Communities Project Exemption (SCPE) for a proposed housing and retail development in Hollywood.
The Inspire Hollywood development, slated for a property at 1522-1538 N. Cassil Avenue, calls for the construction of an eight-story building featuring 200 apartments and approximately 1,000 square feet of ground-floor retail space. The mix of studio, one-, and two-bedroom dwellings would include 20 units set aside as extremely low-income affordable housing.
The podium-type building would rise above a three-level subterranean parking garage featuring 230 vehicle stalls - 93 of which would be reserved for use by the neighboring YMCA.
DE Architects is designing Inspire, which is depicted as a contemporary mid-rise structure. Plans call for approximately 15,000 square feet of open space for residents, including a pool and amenity deck at the fourth level, and landscaped roof decks.
A project website lists a completion date of 2021.
Inspire would rise one block east of the $1-billion Crossroads Hollywood development, which would include up to three high-rise buildings featuring housing, retail, and a hotel.
The Bond Companies, the Chicago-based real estate investment firm behind the project, is also building a 47-unit apartment complex in Westlake.
The SCPE will next be considered by the full City Council.
- 200 Apartments Planned just North of Sunset Boulevard (Urbanize LA)