The Los Angeles planning department last week approved a plan to convert retail and auto repair and sales buildings at 2485-2499 Lincoln Blvd. into a small commercial shopping center, according to a determination letter filed by the city on Thursday. The project owner and applicant is Lincoln Venice Owner LLC, which is registered to the offices of DLJ Real Estate Capital Partners, a private equity real estate company with offices in Los Angeles, New York, Boston, and Hong Kong.
Plans call for 555 square feet of retail use, 3,900 square feet of office use, 2,180 square feet of fitness use, a 3,000-square-foot restaurant and another 1,500-square-foot restaurant, all resulting from interior and exterior improvements to existing structures at the project site, which is bounded by Lincoln Boulevard to the east, Van Buren Avenue to the south, and Garfield Avenue to the north.
Along with a coastal development permit and other approvals, the project received approvals for the sale and dispensing of alcohol at the bigger of the two restaurants.
Lincoln Venice Owner LLC acquired the four-parcel property for a little over $11 million in 2018, according to county records. Application paperwork was submitted October of that year, with LA-based Rios Clementi Hale Studios shown as the architect and Venice-based land-use consultant Brian Silveira listed as the project representative.
The project, which includes 35 parking spaces, will utilize three existing one-story structures. An approximately 3,200-square-foot building at the property’s rear end will be converted to office space. Facing Lincoln Boulevard and along Van Buren Avenue will be an approximately 4,700-square-foot mixed-use building for restaurant and office space, while next to that will be an approximately 4,600-square foot building to be used as a fitness studio, retail space, and restaurant.
