New housing developments in Hollywood are pretty commonplace these days—keeping track of all the boutique hotels and luxury condos popping up in the area is practically a full time job at this point—but a mixed-use development that intends to charge reasonable rents for average workers? That's a new one around here. Cal-Coast Development is planning a seven-story mixed-use building at the corner of Fountain and Cahuenga, which on its own is a bit of a snoozer, but the exciting twist is that the 369-unit building "will provide rents more to the working person." Finally plebeian renters will have access to the famed LA mixed-user! It's no big, ugly, box-looking dump either—actual thought is being put into the appearance of this thing. Initial plans called for a "decorative architectural projection" and now we can see what that will look like, via Urbanize LA. Look at all those affordable balconies!
The project will feature several different apartment layouts, including 30 micro apartments, 12 live/work lofts, and one- to three-bedroom apartments making up the remaining 327 units. And not only will Cal-Coast provide reasonably affordable rents, they'll also provide all the usual mixed-use amenities of their luxury counterparts: residents will have a fitness center, roof terrace, and a total of 40,600 square feet of open space at their disposal. Parking will be provided in a two-level underground garage with enough space for 567 cars and 410 bikes. The street level will host 2,500 square feet of commercial space.
Construction should begin early next year, with a completion date sometime in 2018.
· New Renderings for Proposed Hollywood Development [Urbanize LA]
· Here's What Non-Luxury Hollywood Apartments Look Like [Curbed LA]