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Hilltop Apartments Headed For Western End of Action-Packed Historic Filipinotown

The gentrification of Temple Street in Historic Filipinotown continues to pick up steam, with yet another new housing development in the works, this time at the far west end of Temple. As the eastish-side housing market continues to heat up, new housing is popping up all over the once-barren neighborhood. Now plans are in the works for a pair of hilltop apartment buildings on the site of a historic Los Angeles hospital—Silver Lake Pinnacle LLC is seeking approval from the city to build a 214-unit apartment complex on the former site of the Temple Community Hospital, reports Eastsider LA.

Temple Community Hospital, perched high above street-level, might be a familiar site to those driving by on the 101. The hospital opened in 1937 and operated for more than 70 years, until 2014, when it closed due to low revenue. Silver Lake Pinnacle swept in and bought the property for $13.5 million back in March. Rather than use the existing historic structure, developers will tear it down and start anew, which probably has something to do with the $50 million in estimated earthquake retrofits that would be necessary to get it up to code. In the hospital's place, the company plans to build two four-story buildings on the three-acre parcel of land, with a two-level underground parking structure below. With so many developments percolating in the area, the Temple Hospital project may have stiff competition luring potential residents. Lucky for it, the location boasts great views from it's hilltop perch, plus a central location right in between Downtown and Hollywood.

Those 214 units are about 50 more than the city zoning allows on the site, so Silver Lake Pinnacle wants a density bonus in exchange for including 18 affordable units in the plans. Pending approval from the city, developers plan to begin construction in 2017.
· Former Temple Hospital to give way to hilltop apartments [Eastsider LA]
· L.A. hospital closes amid falling revenue, earthquake-retrofit tab [LA Times]
· Temple Street in Echo Park/HiFi Getting 55 New Apartments and Retail [Curbed LA]
· New Historic Filipinotown Complex Fully Expecting to Rent One-Bedrooms at $1,850 [Curbed LA]
· South Echo Park Getting Big Apartment Complex Boylston Arms [Curbed LA]