A trio of small commercial and residential buildings near the intersection of Venice Boulevard and Overland Avenue in Palms could make way for a mixed-use apartment complex, according to plans being reviewed by the Los Angeles Department of Building and Safety.
The development site, which spans .36-acres at 10610-10628 W. Venice Boulevard, is currently currently improved with an auto repair shop, a dentist's office, and four apartments. Construction permits submitted to the City for approval in June indicate that all existing buildings are slated to be cleared for a new seven-story structure featuring 109 apartments above ground-floor restaurant space and a parking garage.
According to a project description, the proposed apartment building is being designed to Transit Oriented Communities Tier III incentive levels. Tier III projects are required to set aside anywhere from 10 to 23 percent of the total housing units for rent below market rate, depending on the affordability level offered.
The building permits indicated that Glendale-based architecture firm Uriu & Associates is designing the proposed development.
Los Angeles County Assessor's records indicate that the four parcels which comprise the development site to Sawtelle-based real estate investment firm Wiseman Residential. The developer acquired the land through four separate entities in 2019 for a combined sum of roughly $10.6 million.
The proposed development was scheduled for discussion at the November 11 meeting of the Palms Neighborhood Council's Planning and Land Use Management Committee.
- Palms (Urbanize LA)