In what proved to be a quiet end to what was once the loudest development issue in town, the Los Angeles City Council last week approved an appeal of the Bundy Village and Medical Park at the corner of Olympic Blvd. and Bundy Drive, in effect killing the project as proposed. The Brentwood Community Council, the West Sawtelle Homeowners Association, the Westwood South of Santa Monica Boulevard Homeowners Association, and Kilroy Realty Corporation filed the appeal, which overturns an approval granted by the City Planning Commission in March 2010. Astute readers will recall that the developer of the Bundy Village, Michael Lombardi, accused one of the appellants, Kilroy Realty, of sabotaging the project in the hope of acquiring the parcel for its own. (Kilroy had compared the project to the Staples Center in a flyer.) The project approved by the Planning Commission allowed 385 residential condominiums, a 25 percent density bonus, retail totaling 87,855 square feet, 3,000 parking spaces, and two medical office buildings totaling 384,735 square feet.
In June, Councilmember Bill Rosendahl released a statement saying the developer intended to submit a new project to the Planning Commission for approval. But the future of the parcel is further complicated by Lombardi's November 2010 Chapter 11 filing on the one million square foot parcel. This afternoon, Whitney Blumenfeld, planning deputy for Councilmember Rosendahl, confirmed to Curbed that to get development on the parcel moving again, the developer will have to work its way out of bankruptcy and submit a completely new plan to the Planning Commission: "it isn't square one, but it's square two."
· Developer Files for Chapter 11 on Bundy Village Project Site [Curbed LA]
· West LA's Bundy Village Project Wounded, Maybe Mortally [Curbed LA]