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Although Los Angeles' economy is still struggling to regain what was lost during the recession, the city's real estate market has been on a sharp upward trend over the past year.  With housing prices climbing, developers are beginning to think "condo," rather than "rental."  One example comes from Wiseman Development, in the form of a 4-story, 25-unit condo building at 7260 Hawthorn Avenue in Hollywood.  Documents submitted to the Department of City Planning indicate that locally based Killefer Flammang Architects are responsible for the project's design.  This would be the third Hollywood project designed by KFA, joining the proposed Hotel Selma and the Highland Selma Venture.

 

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Five-Story, 37-Unit Development Rises on Santa Monica Boulevard

Multifamily residential development located on the outskirts of Westwood and Century City.
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A new multifamily residential development is now rising on the outskirts of Westwood and Century City.  The project, located at 10534 W. Santa Monica Boulevard, consists of a five-story building that will feature 37 apartments - including three very-low-income units - above three levels of basement parking for 45 vehicles.