Mapleton Properties is proposing a live/work development in Culver City. The yet-to-be-named two-phased project is currently in the entitlement process with the City of Los Angeles as it seeks to earn as Transit-Oriented Development, or “TOC,” designation. If approved, the project would rise in two phases, at 10003-10015 Washington Boulevard and 3841-3853 Dunn Drive, according to the entitlement case filing.
Mapleton Properties, which is a divison of Mapleton Investments — a diversified investment holding company that manages a range of global ventures owned by Marc Nathanson who has an estimated net worth of $1.7 billion — is seeking approval for a density bonus incentive and permit floor area averaging across the project site. The area currently acquires existing buildings utilized for a single-family residence and commercial purposes.
The proposed project would be divided into two phases. Phase I would include demolishing the residence at 3847 Dunn Drive and the one-story commercial building at 10003 Washington Boulevard and then constructing 111 units of the project’s total 207 units. The second phase requires the demolition of the commercial building, at 10111 Washington Boulevard, and the addition of 96 more units to the Phase 1 building.
