Big changes could be in store for the Vermont and Santa Monica Red Line station. A proposed development could bring a 100 percent affordable development to the land on the southwest corner of the intersection, right over the station.
The complex would hold 160 affordable residential units that would be available to people making 30 to 60 percent of the area median income. Half of the units would be reserved for tenants with special needs. The ground floor of the development would hold 21,000 square feet of commercial space.
The project would sit on a roughly 1.5 acre site. Metro owns about an acre of that land, and the LTSC owns about a half acre. Terms of a lease have yet to be negotiated.
According to the presentation materials, the next steps would be for Metro to enter into an exclusive 18-month agreement with the LTSC. By the end of the year, outreach for the project would be underway and and an early conceptual plan would be complete.
Curbed has reached out to the Little Tokyo Service Center for more information.
Metro is scheduled to hear the proposal on Wednesday.