The project, slated for a property at 418-430 N. Alvarado Street, would rise less than a half-mile west of Echo Park. Plans submitted to the City of Los Angeles in 2017 call for the construction of a five-story building containing 73 one- and two-bedroom apartments above 530 square feet of ground-floor retail space and an 81-car garage.
Requested entitlements for the proposed development include density bonus incentives permitting a larger building than is allowable under the property's base zoning. In exchange for the incentives, a total of six apartments would be set aside as deed-restricted very low-income affordable housing.
Alan Boivin is designing the approximately 56,000-square-foot development, which is shown in a rendering as a contemporary podium-type building. On-site amenities would include a courtyard, a gym, and two rooftop decks.
City records list the company behind the project as Los Angeles-based real estate development firm Caladan Investments. The company recently broke ground on a similar apartment complex in Westchester.
The Westlake development, which would rise near the intersection of Temple and Alvarado Streets, is the latest in a series of new multifamily projects in the neighborhood. A larger complex featuring 200 apartments and retail wrapped up construction two blocks west earlier this year.