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George Smith Partners has announced a $21.6-million construction loan for the development of a mixed-use building in Silver Lake.

The project, located at 3400 Sunset Boulevard, is a joint venture between Barth Partners and Barry Leddy Development.  It is the first luxury condominium complex in Silver Lake to be built in more than a decade, according to GSP Managing Director Jonathan Lee.

The building site, which abuts the Micheltorena Stairs, will yield a five-story structure featuring 35 dwelling units atop 2,000 square feet of ground-floor commercial space, designed for a restaurant. 

A rendering portrays a contemporary design, featuring outdoor seating along Sunset, multiple roof decks, balconies and a swimming pool.  Other amenities will include a gym and conference rooms for residents who work from home.

Rendering of 3400 Sunset Boulevard
Image via Google Maps

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New Townhomes to Rise Near Expo/Crenshaw Station

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Heavy equipment has been spotted at a mostly vacant three-acre property near Expo/Crenshaw Station, the first signs of construction for a new development of townhome-style condominiums.