The Central Hollywood Neighborhood Council Monday night will review plans for a 198-unit mixed-use project at 1400-1440 N. Vine St. presented by the council’s planning and land use management committee. Proposed by real estate investment company Tooley Interests LLC, plans for the 197,243-square-foot development were initially submitted in 2019.
Dubbed 1400 Vine, the new apartment building would rise eight stories following the demolition of two one-story commercial buildings at the 49,273-square-foot project site, which is bounded by Vine Street to the west, De Longpre Avenue to the south, and Leland Way to the north. It would contain 54 studios, 111 one-bedrooms, and 33 two-bedrooms and reserve 19 units, or about 10 percent of the site’s 184-unit base density, for very low-income households. Doing so qualifies it for a 32.5-percent density bonus – a maximum of 244 units – but the developer is instead looking to utilize an 8-percent density bonus.
The Vine Street project will also provide 278 parking spaces in two-and-half basement levels, along with a fourth-level pool courtyard, 600-square-foot sky deck, and about 16,000-square-feet of ground-floor retail. Along with project approvals, the applicant is also requesting a master conditional use permit to allow the on-site service of alcohol in conjunction with up to four ground-floor restaurants.
GRT Portfolio Properties Beverly Hills LLC, an entity registered to Tooley Interests’ Santa Monica address, purchased the Vine Street project site for $24 million, according to a transaction recorded with the county assessor’s office in 2016. Also on the project team are project architect TCA Architects and project representative Dave Rand, who is a partner with land use law firm Armbruster Goldsmith & Delvac.
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