CA Ventures is hoping to transform an automobile dealership in Los Angeles to bring more housing to the city. According to city planning records, the developer is proposing a 418-unit multifamily project that would retain a vacant historic building already onsite.
The project site is located at 3100 Figueroa and includes designs from KTGY. The project would include the demolition of three existing commercial buildings, several storage containers and surface parking lots associated with an automobile dealership. In its place, a seven-story, 146,751 square foot building would be constructed.
The building will include a mix of unit types, including 71 studios, 69 one-bedroom, 169 two-bedroom, 39 three-bedroom and 70 four-bedroom units as well as 84 units reserved for low income housing.
The project also includes ground-floor commercial space and a number of open space amenities. This project would include 20,570 square feet of outdoor space with a basketball court, dining tables, a dog park as well as two courtyards featuring synthetic turf lounge lawns, a Zen garden with cabanas, BBQ areas, a pool, outdoor lounge and more. In addition, the project would feature a fitness center and club/game room off the pool courtyard.
The project would also include 268 parking spaces at-grade and in one above grade parking level, with 25 parking spaces designated for commercial uses on the ground floor and the remaining 243 spaces serving the residential uses. A total of 418 bicycle parking spaces would also be incorporated into the design.
The proposed development would be built in a contemporary style with large arches incorporated at the street level to break up the massing of the building. The project would be developed using a mix of materials, including brick, cement plaster, brushed aluminum, cedar and more.
The project site is located just off Interstate 110 near the University of Southern California. The site is surrounded by a mix of property types, with several apartment buildings, retail amenities and hotels nearby.
CA Ventures is headquartered in Chicago, Ill. and manages, invests and develops properties across the United States, Latin America and Europe. The firm has been in business for 18 years and owns or operates more than 210 properties in more than 100 markets, according to its website.
