The 1860 – Site Prep Begins for Mixed-Use Development in Los Feliz
January 21, 2021
At the intersection of Western and Franklin Avenues
Just south Griffith Park in Los Feliz, a shuttered gas station has bitten the dust, and a mixed-use development is poised to rise in its place.
The property, located at the southeast corner of Franklin and Western Avenues, is approved for the construction of a new five-story building featuring 87 studio, one-, and two-bedroom apartments above 6,000 square feet of ground-floor commercial space and subterranean parking for 112 vehicles.
The project, which was approved by the City of Los Angeles in 2018, will include 11 units of deed-restricted very low-income affordable housing, in exchange for density bonus incentives permitting a larger structure than would be allowable under the base zoning of the property.
KTGY Architecture + Planning is designing the contemporary low-rise structure, named “The 1860” for its address, which will be composed of wood-frame construction above a concrete podium. Plans call for a U-shaped footprint above the second floor, with a swimming pool deck at the center. Other planned open-space amenities include two rooftop decks and a ground-level fitness center.
The mixed-use project was entitled for development by Los Angeles-based real estate investment firm Dynamic Development Co., which originally sought to build a larger 97-unit complex. However, the development was downscaled prior to approval.
Los Angeles County Assessor records now list the owner of the project site as an entity affiliated with American Commercial Equities Management of Malibu. The company acquired the nearly one-acre property for $11 million in late 2020.
The project site is located less than a quarter mile north of Metro’s Hollywood/Western Station, where a similar mixed-use project from ABS Properties is slated to replace a surface parking lot.