222 W. 12th Street
Sector: Commercial • Location: Los Angeles, California, United States of America
Source: Downtown LA (DTLA)
In March 2022, Bolour Associates announced an $11.5-million acquisition for the property at 222 W. 12th Street, which was at the time slated for a 16-story, 356-unit modular high-rise, similar to Relevant Group projects which have already been approved for sites at 252 S. Spring Street and 845 S. Olive Street. However, a revised plan submitted in March 2023 to the L.A. Department of City Planning
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Participants
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Status
Original status | closed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Description
Description | In March 2022, Bolour Associates announced an $11.5-million acquisition for the property at 222 W. 12th Street, which was at the time slated for a 16-story, 356-unit modular high-rise, similar to Relevant Group projects which have already been approved for sites at 252 S. Spring Street and 845 S. Olive Street. However, a revised plan submitted in March 2023 to the L.A. Department of City Planning now points to a shorter development - albeit with more housing. Plans now call for the construction of an eight-story building which would feature an eight-story, approximately 106-foot-tall building with a total of 405 apartments above nearly 8,700 square feet of ground-floor commercial space. Requested entitlements include density bonus incentives, permitting relief from certain zoning restrictions. In exchange, 45 of the new apartment would be set aside as affordable housing for rent at the very low-income level. -SOURCE: URBANIZE L.A. visit website |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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