The Coronel Apartments, which has two street frontages at 1601 N. Hobart Boulevard and 1600 N. Serrano Avenue, consists of a four-story building that will over 54 one-, two- and three-bedroom apartments, priced for households making between 30 and 60 percent of the area median income.
Developer Hollywood Community Housing Corporation elected to retain an existing 1920s single-family residence on the project site, which will be integrated into its Serrano Street frontage. The pueblo-style building will be repurposed with two residential units.
The ground-up portion of the development is portrayed as a contemporary mid-rise structure, featuring balconies and a common outdoor deck.
Rents at the Coronel are to be set between $488 and $1,354 per month, according to the State Treasurer's Office.
HCHC and KFA are pursuing LEED Gold Certification for the project, which is located within walking distance of the Red Line's Hollywood/Western Station. Completion is anticipated in January 2019.
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