Developer Duo Proposes 74-Unit Silver Lake Community

Sunset Reno LLC has filed application paperwork this month to construct a 74-unit apartment building in LA’s Silver Lake neighborhood. The venture leading the five-story project includes Local Development LLC founder Jason Grant as well as RYDA, an LA-based development firm, the filings show.

The project would rise at 3004-3016 W. Sunset Blvd. and 951 N. Reno St. and consist of 74 units – 26 studios, 42 one-bedrooms, and six two-bedrooms – in almost 50,000 square feet of new development.

If it receives Transit-Oriented Communities Incentives Program Tier-1 approval, it would rise an extra 11 feet to 56 feet in height and include a 50 percent density bonus representing 25 units more than the 49 allowed otherwise. To that end, plans call for six units to be reserved for households at extremely low incomes. The project site is also within half a mile of multiple bus lines.

RYDA has laid claim to several projects around LA in recent years, including in Silver Lake. It renovated a 4,200 square foot retail property at 3501 Sunset Blvd and was doing another similarly sized redevelopment at 1529 Griffith Park Blvd. in January. The developer is also behind redevelopment projects elsewhere in the city like Third & Traction in DTLA’s Arts District neighborhood. Neither RYDA nor Grant responded to request for comment.

The duo’s new Silver Lake project, named 3004 Sunset in its application, calls for 64 parking spaces (over the 40 required for its scale) spread between ground floor and subterranean levels. Mark Lahmon of Lahmon Architects is listed as the project architect, while Mark Tessier Landscape Architecture is shown as landscape architect.