A surface parking lot near an under-construction subway station in Downtown Los Angeles could be redeveloped with multifamily housing, according to an application recently submitted to the Planning Department.
Relevant Group, a Los Angeles-based firm with a penchant for new hotels in Hollywood, is seeking entitlements for the construction of a 15-story building at the northeast corner of 3rd and Spring Streets. Plans call for a total of 331 one- and two-bedroom dwellings, ranging from 422 to 870 square feet in size. The housing would be located above 6,350 square feet of ground-floor retail space and 37 parking stalls in a single basement level.
The proposed development would require the approval of density bonus incentives to permit increased height and floor area, as well as a reduction in required automobile parking. In exchange, Relevant would set aside 37 of the apartments as deed-restricted affordable housing at the very low-income level.
