SoLa Impact, a local developer with a focus on affordable housing, has been hard at work in Los Angeles’ Harbor Gateway North neighborhood, recently proposing two projects along Imperial Highway. The projects, which in total would provide 282 residential units to the South Los Angeles neighborhood.
One project proposed by the company would take shape along 248 W. Imperial Highway. Currently under review by the City, the housing project would reach five stories and offer 166 residential units. According to project plans, 19 of the total units would be reserved as affordable housing.
Additionally, the project would include 1,030-square feet of ground floor commercial retail space as well as 83 residential parking stalls and two parking spaces for the proposed retail space.
Just down the street – at 110 W. Imperial Highway – the company is proposing an additional project, which would include the construction of 121 residential units. Proposed to the City earlier in July, the project would total approximately 61,167 square feet and reach five stories.
Overall, the proposed development would contain one studio, 109 one-bedrooms, 11 two-bedroom units. The project also includes 60 parking spaces, 88 long term bicycle parking spaces and nine short-term bicycle parking spaces, according to the development proposal.
As well as the residential space, the building at 110 W. Imperial Highway would feature 9,215 square feet of open space. Open space elements include 1,000 square feet of private open space, a 4,881 square foot podium deck, a 1,117 square foot rooftop deck to the north and a 2,157 southern rooftop deck.
Both projects would be located in Los Angeles’ Harbor Gateway North neighborhood near the junction of Interstates 105 and 110. The Southern Los Angeles neighborhood is primarily residential, with various retail and dining options also located nearby.
With a focus on providing housing to those in South Los Angeles, SoLa Impact currently owns and manages a portfolio of more than 1,500 apartment units throughout the region, with an additional 1,500 units in the pipeline.
“SoLa Impact is a family of social impact real estate funds with a double bottom line strategy focused on preserving, refreshing, and creating high-quality affordable housing in low-income communities. Our proven track record leverages data-driven social impact strategies to deliver superior financial returns,” the company states on its website.
