One year ago, the MLS expansion team LAFC announced a proposal for a $250-million soccer stadium in Exposition Park.  Several months later, the University of Southern California followed with plans for a $270-million renovation of the Los Angeles Memorial Coliseum.

With more than a half-billion dollars worth of projects now in the pipeline, it appears that investors are now eyeing nearby properties

Last week, the Irvine-based Spectrum Group requested an environmental assessment from the City of Los Angeles for a proposed mixed-use develompent directly across the street from the upcoming soccer stadium.  The project, slated for a 3.26-acre site at 3900 S. Figueroa Street, would include an unspecified quantity of hotel rooms and and mixed-income student housing.  The Spectrum Group website portrays "The Fig," as a six-story podium-style building featuring multiple outdoor decks.

The proposed development would replace a surface parking lot along Figueroa Street and displace a collection of 1920s apartment buildings which abut the Harbor Freeway.

Further details about the project are currently unavailable.

Image via Spectrum Group
Image via Google Maps

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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.

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.