Continental Partners has announced $8.4 million in construction financing for a multifamily residential development in Westlake.

The proposed development, slated for two parcels at 218-224 S. Occidental Boulevard, calls for the construction of a six-story, 47-unit apartment complex with underground parking.  The project site is currently improved with two 1940s residential buildings, totaling 16 units.  Both would be demolished to allow construction to proceed.

A timeline for the development has not been announced.

The new apartments would be located a short distance north of Lafayette Recreation Center, where a slew of mixed-use developments are currently planned or underway.  Most notably, a 31-story apartment tower could rise directly across the street from the park.

Image via Continental Partners
Image via Google Maps

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New Townhomes to Rise Near Expo/Crenshaw Station

Work is getting underway for 78 condos at Exposition Place and 9th Avenue.

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.