The Venice Neighborhood Council‘s land-use and planning committee Thursday evening will review plans for a three-story, 26-unit apartment project at 522 Venice Boulevard, its meeting agenda shows. The developer and owner behind the project is 522 Venice LLC, a company led by Mark Judaken, according to state business filings.
First proposed in the fall, 522 Venice would replace an existing triplex property used as a PodShare co-living community with 19 new market-rate units and seven units reserved for very low-income households. All of the apartments would be one-bedrooms ranging from 477 to 495 square feet, plans show.
“The project site is located in the Venice Coastal Zone, which is a region of the City that has seen large increases in home and apartment prices, limiting access to this area for the local workforce and persons of low-moderate income,” the development team writes in application documents.
“(The apartments’) more compact size will allow these units to have drastically lower market rents when compared to the typical single-family homes and large, luxury small-lot units and condominiums that have dominated new development in the area of the subject property.”
The applicant is requesting a more than 100-percent density bonus above the 11 units otherwise allowed pursuant to zoning regulations, according to the Venice Neighborhood Council committee’s agenda.
The project architect for 522 Venice is El Segundo-based firm Breakform Design, according to planning documents.
Each unit would have open floor plans and include private balconies or decks.
Plans also call for a 1,400-square-foot common open space area with recreational amenities including bocci ball and a barbecue area.
The project would provide 31 subterranean parking spaces and 42 long-term bike spaces.
