Two years ago, Chinatown's Velvet Turtle restaurant was reduced to rubble amidst rumors of an apartment building that would rise in its place.  Now, those development dreams are finally being realized.

Yesterday, plans were filed with the City of Los Angeles to construct a new residential-retail complex at 708 N. Hill Street.  According to a case filing from the Department of City Planning, the approximately .79-acre lot is slated for a seven-story structure that would feature 162 residential units, 5,000 square feet of ground-floor retail space and two-and-a-half levels of underground parking.

The property, located at the northeast corner of HIll and Ord Streets, was sold in early 2015 for $10.5 million.  City records link the project to Avant Development, a Los Angeles-based real estate firm.

Recent years have seen the completion of similar developments in and around Chinatown, including the $93-million Jia apartments and the $100-million Blossom Plaza.

708 N. Hill Street (Image: Google Street View)
708 N. Hill Street (Image: Google Maps)

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LOHA-Designed Houses Coming to Franklin Village

Five small lot homes to rise north of the 101 Freeway.

Work is getting underway for a new set of small lot houses near Franklin Village in Hollywood, according to a representative of developer ROM Investments.

The project, located at 1826 Canyon Drive, will consist of five single-family residences, each featuring two bedrooms, 2.5-bathrooms, rooftop decks, and two-car garages.