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Site preparation is now underway for Perla, a mixed-use high-rise development at the corner of 4th Street and Broadway in Downtown Los Angeles.

The project, which is being developed by Shanghai Construction Group America, would consist of a 34-story building featuring 450 residential units above a podium structure featuring parking and 7,000 square feet of ground-floor retail space.

CallisonRTKL is designing the building, which would feature setbacks above its 12th level in accordance with the Broadway Design Overlay.

The property - formerly the site of a small commercial building - was originally entitled by prominent Spring Street landowner Izek Shomof.  SCG purchased the 4th and Broadway site in 2015.

Past reports have pointed to an approximately four-year construction timeline, which would place completion sometime in 2021.

An official groundbreaking ceremony will be held next month at the project site.

Image via SCG America

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125-Unit Affordable Housing Development Completed in Westlake

LINC Housing Corp. built the $57-million project.
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LINC Housing has completed construction of Mosaic Gardens at Westlake, a new affordable housing community located just west of Downtown Los Angeles.

The $57-million development rose from a long-vacant lot at the corner of Beverly Boulevard and Lucas Avenue, and consists of a six-story building featuring 125 one-, two-, and three-bedroom apartments serving the formerly homeless, low-income families, and seniors.  Rents in the building are set between $398 and