L
andmark Properties is seeking to build a 12-story apartment complex in Westwood, targeting UCLA students. The revised plans, filed for the site at 505 South Landfair Avenue and 504 South Glenrock Avenue, would replace two older apartments built in 1948. The new building, dubbed The Metropolitan at Los Angeles, would offer 84 units with various bedroom configurations, including studios and five-bedroom apartments.
The developer is utilizing density bonus incentives to permit a larger building than allowed by local zoning rules. In exchange for 12 affordable apartments, Landmark will receive permission to build above the maximum height limit. Jason Doornbos, executive managing director of development, stated that the neighborhood needs high-quality housing, particularly affordable units, as most residential opportunities are in older buildings.
The proposed complex would be designed by LOHA and feature a swimming pool, fitness area, recreation rooms, and landscaped patios. The building's stepped design would include narrow floor-to-ceiling windows and a deck atop a sixth-floor wing. If approved, it would be Landmark's third development in Los Angeles, joining a Westwood student housing complex and another project near USC.
Landmark Properties has $13 billion in assets under management, including 115 residential properties with 71,000 beds. The company is also working on 22 student and multifamily projects.
realestate
Developer plans 12-story student residence near UCLA campus
Landmark Properties revises plans for 12-story Westwood apartment building near UCLA.
Read More - realestate
realestate
Buyer found for Robin Williams' previous Seacliff residence
Seacliff home of Robin Williams sells after a year on the market
Read More - realestate
realestate
Potential for Development in Far North Side with Broadway Upzoning
Zoning proposal aims to transform Broadway on Chicago's Far North Side
Read More
realestate
Real's President Drives Success in Firm's Record-Breaking Year
Real Estate Brokerage Realizes Impressive Growth Under President Sharran Srivatsaa in 2024