Los Angeles-based Denley Investment & Management plans to demolish a small apartment building in Hollywood to allow for the development of a larger mixed-use complex.
The project at Las Palmas Avenue and Yucca Street, unveiled by a staff report to the City Planning Commission, calls for the construction of a seven-story edifice featuring 70 studio, one- and two-bedroom apartments above approximately 3,000 square feet of ground-floor commercial space. The new building would include seven units of very low income housing, which the developer would provide in exchange for density bonus incentives.
In-house architects at Denley are designing the proposed podium-type development, which would be clad with plaster and wrapped with exterior balconies. A landscape plan also shows that the building's rooftop would be activated with an amenity deck, offering a swimming pool, a garden and a barbeque area.
The new development would be sandwiched between a series of similar multifamily buildings that are currently in the midst of construction.
To the south along Las Palmas Avenue, a project designed by Studio Pali Fekete is creating 82 apartments in a modern structure clad with metal panels.
Across Yucca Street, exterior work is wrapping up for a smaller six-story complex.
Farther north at Franklin Avenue, a 118-unit building by Arquitectonica began work last October.