The California Board of State Coastal Conservancy has authorized the disbursement of up to $2 million to the City of Los Angeles for the planning of the new Taylor Yard Park along the banks of the L.A. River.

The 42-acre site, purchased earlier this year by the City for $60 million, is the last remnant of a once expansive Union Pacific Railroad yard.  Most of the property has already been redeveloped as a mixture of housing and park space.

Planning for the future park will involve numerous agencies, including the Santa Monica Mountains Conservancy, California Department of Parks and Recreation, Metro, Metrolink and the Army Corps of Engineers.  The effort will include:

  • A plan for safe near-term public access
  • A plan for long-term access, use and management responsibilities
  • A plan for restoring native plant and wildlife habitats
  • A revised site cleanup plan
  • Public engagement and involvement, particularly from the surrounding communities
  • Three buildable, scalable, phase-able design concepts that accommodate public access, habitat restoration and compatible recreation
  • A project financing plan outlining interim to permanent use options
  • A plan for long-term operations and maintenance; and
  • A plan for construction of first phase of the Taylor Yard River Park within five years.

In the immediate future, the City intends to install fencing and signage around the site.

Image via L.A. Mayor's Office

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Construction Finally Underway at 5750 Hollywood

Wood Partners has acquired a mixed-use development site near the Hollywood Freeway.

Atlanta-based developer Wood Partners has broken ground for a residential-retail development near the Red Line's Hollywood/Western Station.

The project, located at 5750 Hollywood Boulevard, will consist of a seven-story structure featuring 161 apartments, 5,700 square feet of ground-floor retail space, and basement parking for 271 vehicles.  Plans call for a mix of studio, one- and two-bedroom units, including 14 apartments reserved as low-income housing.