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A nearly 10-year-old plan for a high-rise development in Westwood has shown its first sign of life in years.

Los Angeles-based developer Indivest has applied for the first in a series of building permits needed to construct the Gayley at Wilshire, a proposed 29-story condo tower near UCLA.  The project, named for its location at the intersection of Wilshire Boulevard and Gayley Avenue, is entitled for 144 residences above a podium structure featuring commercial space and amenities and four levels of basement parking.

Although entitlements would also allow the project to be built as a 250-room hotel, that options has reportedly been abandoned after the completion of an on-site hotel at the UCLA campus.

Robert A.M. Stern Architects is designing the approximately 427-foot tower, which would rise from a triangular plot that formerly housed a video rental store.  An official website states that its design was inspired by New York's iconic Flatiron Building.

A timeline for the project is unclear.  Entitlements for the Gayley at Wilshire site will remain in place through 2023.

Rendering of the Gayley at Wilshire. Imave via RAMSA.

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This Week in Leases - June 23, 2018

Two advertising studios make moves in DTLA and Park Mile.
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ROW DTLA, located at the border of the Arts District and Industrial District in Downtown Los Angeles, has announced that creative advertising studio WC+A has signed a lease for 12,000 square feet of office space at the complex.