The project, dubbed the Lake on Wilshire, would rise from an approximately 1.5-acre site at 1930 W. Wilshire Boulevard. Plans call for the construction of a 41-story tower on a current parking lot fronting Wilshire and Bonnie Brae Street, featuring 479 studio, one- and two-bedroom apartments - including 39 affordable units.
An adjacent mid-rise structure fronting Wilshire would contain a cultural and performing arts center, featuring classrooms, a dance studio and an 850-seat theater. Renderings depict a large statue of the Buddha overlooking the intersection, while other signage and murals make reference to Sri Lankan culture.
The property owner, a local physician, also intends to convert an adjoining 13-story structure into a 220-key hotel. The late 1920s building formerly served as the regional headquarters of Crocker National Bank.
Local architecture and planning firm Archeon Group has been tapped to design the mixed-use complex, which at a maximum height of 459 feet, would create the tallest building in the Westlake district. The proposed tower would feature a number of landscaped outdoor decks, while the cultural center would greet passersby with a molded facade of colored vanceva glass.
Construction of the Lake development would occur over approximately 32 months, although a groundbreaking date has not been revealed.