The South Park development boom continues to spread out into the adjacent sectors of Downtown, and a planned new development could bring more mixed income housing to the southeastern edge of the neighborhood.
Plans filed with the city Thursday call for construction of a new project with 233 units of housing, with 21 of them affordable to very low income residents (those making less than half the median income in the area).
The affordable units will be included in the project in exchange for a density bonus allowing for a greater floor-area ratio (meaning it will be larger than the site’s zoning guidelines currently allow). The height of the proposed building isn’t clear at this time.
The project, located at 1340 South Hill Street, would be constructed on a parcel currently occupied by a handful of commercial buildings which would be demolished to clear space for the new building.
As Urbanize LA points out, the project will be located directly across the street from a planned seven-story mixed use development called Emerald.
Also in the area: an oil drilling site that lies on the other side of 14th Place from the project. Operated by St. James Oil Corporation, it’s the well that caused bubbly ooze to spill out onto Olive Street in 2006, forcing dozens of evacuations.