UPDATED 8/30: Those 67 market-rate apartments on Temple Street in Historic Filipinotown that we first caught wind of in December are moving closer to reality, says the Eastsider. And not only that, but the project may soon be joined by two more developments hoping to cash in on all those renters who can no longer afford Silver Lake and don't mind heading a touch further south. David Shophet of Sharp Capital says his $20-million, four-story project on the site of a vacant lot will include "courtyards, a community room and fountains" in addition to 67 one- and two-bedroom apartments that he hopes to rent for an average of $2,300 $1,500ish and up. He hopes to open in early 2015. Further east on Temple, two more projects are in the works: a 52-unit complex at Temple and Union Avenue bought out of foreclosure, and a 49-unit building with a swimming pool less than a block away. Is this HiFi gentrification happening for real?
· Silver Lake South? Developers discover Temple Street [ELA]
· 67 Apartments Planned For Temple St. in Historic Filipinotown [Curbed LA]
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