Tucked away on the western edge of McArthur Park, a mixed-use development will rise on Wilshire Blvd. The New York based Somerset Group has been working out details with the LA City Council regarding construction of the Wilshire Coronado Condominiums, a 7 story mixed-use building featuring 154 luxury condominiums and 8,500 square feet of retail. The project will have studio, one and two bedroom units, set to open in Fall 2015. Design work comes from Rio Clementi Hale Studios and DeStefano Partners.
This project represents a scaled down version of the Somerset Group's original 18 story proposal for the site, also designed by Rios Clementi Hale.
I am curious to know if Somerset is serious about developing this project as for sale units. While I am a fan of the Westlake/McArthur Park neighborhood, I don't see it as a place for "luxury condominiums," in the near future. Then again, Somerset's proposal is one of several new developments that have popped up around McArthur Park. Perhaps this is the direction the neighborhood will take in the long run.
- Wilshire Coronado Condominiums (Somerset Group)