The Los Angeles planning department has approved plans by ELK Development for a seven-story, 60-unit apartment project in the Wilshire Center area, a determination letter posted this month by the city shows.
The proposed project is slated for a two-parcel site at 728 – 736 S. Manhattan Place, where it will replace a single-family home and four-unit apartment building. Designed by OfficeUntitled, plans call for an approximately 62,000-square-foot building holding 24 studio apartments, 30 three-bedrooms, and six four-bedrooms.
Approvals issued this month include Tier-3 project approvals under the city’s Transit Oriented Communities Incentive Program, such as a 58-percent density bonus and a 25-percent reduction in required open space. In accordance with the TOC program, six apartments will be reserved for extremely low-income households, plans show.
The latest plans also call for about 6,500 square feet of open space, including a roof deck, along with 33 automobile parking spaces and space for 61 bicycles.
The development site was acquired by an entity registered in state business filings to Missouri-based CRA Investments in 2020 for approximately $4.9 million, according to county property records.
Also involved in ELK Development’s Wilshire Center apartment plans are project representative Gary Benjamin of Alchemy Planning + Land Use, landscape architect SQLA, and project manager Gardiner & Theobald, plans show.
