Mixed-use developments have become increasingly popular in Los Angeles, blending housing and commercial spaces in neighborhoods like Venice. The four-story project has been approved by the Los Angeles City Planning Commission and is expected to start construction later this year.
Highlights
- Venice will soon get a new four-story building with apartments and retail space to meet growing housing demand.
- It will be a newly built structure in the Abbot Kinney Corridor in the Venice neighborhood.
- A density bonus has been approved for the project.
New Mixed-Use Project Approved in LA’s Venice
Los Angeles is welcoming a new development project in the Venice neighborhood. The Los Angeles City Planning Commission has approved a mixed-use development. Located in the Abbot Kinney corridor in Venice, this project will hold both housing and commercial space.
Steven Fogel of SJF Venice, LLC, and Westwood Financial Corporation will jointly develop the project. David Hidalgo Architects will be designing the project. The plan includes a courtyard, roof terrace, and fitness center.
Project Details
The four-story building project site is located at 825 S Hampton Drive in the Abbot Kinney corridor. The four-story building will feature 30 apartments, including studio, one-, and two-bedroom units.
The housing units will be built above a 3,416-square-foot ground-floor retail and restaurant space. The project premises will also include parking for 50 vehicles on two subterranean levels. The proposed restaurant has been permitted to sell alcohol. The Commission has also approved a density bonus for the project, allowing for additional building size.
Project Receives Approval for a Density Bonus
Along with permission to sell alcohol in the proposed restaurant, the Commission has also approved density bonus incentives for the project. This allows the developers to build larger than standard zoning rules permit. In exchange for this, the Commission has asked for some units to be set aside as affordable housing.
Of the 30 units, three units will be set aside for rent as affordable housing at the very low-income level. Three units will be reserved for very low-income renters, helping Venice address local affordable housing needs.
The project will bring much-needed parking space to the neighborhood while also satisfying the housing needs in Venice. While the project may bring more traffic to the area, it addresses Venice’s growing demand for housing.
