A presentation from the California Strategic Growth Council's Affordable Housing and Sustainable Communities Program has revealed a new rendering for a proposed transit-oriented development (TOD) above Metro's Westlake/MacArthur Park Station.

The nearly $50 million project, which is being developed by McCormack Baron Salazar (MBS), would consist of a five-story structure containing 82 residential units, 83 underground parking spaces and approximately 7,000 square feet of ground-floor retail and restaurant space.  The proposed building would rise atop the subway station's existing north entrance, which would be closed and replaced with a new portal on Westlake Avenue.

Plans for the low-rise complex have been in the works for a number of years, but faced cancellation in 2013 when cost estimates pegged the project at $5 million over budget.  Since then, MBS has been able to identify new funding sources, allowing the development to proceed as originally planned.

The first phase of the Westlake/MacArthur Park TOD, which opened in 2012, features a similar low-rise building located east across Westlake Avenue.  The affordable housing complex reportedly received more than 1,000 applications for its 92 rental units.

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Small Lot Saturday: Eight Houses in Eagle Rock

The project would replace three existing homes.

Irvine-based developer Calcagnie Group has plans for another small lot subdivision in Northeast Los Angeles, this time on the border between Eagle Rock and Highland Park.

The latest project, located at 6845-6855 N. Figueroa Street, would replace three existing houses with eight new residences.