The Elysian luxury apartments opened earlier this year in a handsome old mid-century building on the old Metropolitan Water District campus on Sunset in eastern Echo Park, but the high-class glassiness stood in sharp contrast to the remaining buildings on the property, the unkempt rest of the MWD headquarters, owned by a local church since the nineties. Now the Holy Hill Community Church is selling those structures and the 5.3-acre lot for a hearty $55 million, says the LA Times. The sale comes as the church is filing for bankruptcy.
The mid-century buildings (as well as The Elysian, which is not for sale) were all designed by prolific architect William Pereira, known for the original buildings at LACMA and many other civic projects around LA (as well as San Francisco's Transamerica Pyramid and UCSD's Geisel Library). The property is zoned for up to 576 units, says the broker representing the church, so he feels there's "a 95% chance it will be housing with a small amount of retail." This quiet, Chinatown-adjacent area of Echo Park might be heading for a big-time reinvention.
· Holy Hill church selling Sunset Boulevard property near downtown L.A. [LAT]
· Touring the Breathtaking and Expensive New Apartments at Echo Park's The Elysian [Curbed LA]