Completion is nearing for a multi-tenant facility for life science companies just east of the L.A. County + USC Medical Center, according to Urban Land Magazine.

The property, known as HATCH, consists of a 1930s furniture factory that has been repurposed as a "dynamic and flexible working space" for biotech startups.  BAM Studio has redesigned the two-story building with 17,000 square feet of space, capable of accomodating up to eight tenants.  The building is being marketed to startups that have outgrown their incubators, and are now need purpose-built space.

Located at 5370 Alhambra Avenue in El Sereno, the project is a joint venture between Agora Partners and ASG Real Estate.  It is considered the first privately funded development of its type in Los Angeles.

HATCH represents a core endeavor of the LA Bioscience Hub, a nonprofit organization which if focused on creating a bioscience corridor in East Los Angeles, anchored by the USC Health Science Campus, a new incubator at Cal State Los Angeles and the LAC + USC Medical Center.

Image via LABH
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.