A developer has plans for a seven-story, 58-unit apartment building to rise in place of a surface parking lot just south of Hollywood Boulevard, according to a planning case posted by the city of Los Angeles this month.
The Hollywood project would rise at 6766 Hawthorn Ave., which is a site owned by E-Opportunity Zone Property I LLC, a company managed by David Mirharooni of investment company Brickstar Capital, state business filings show. The applicant behind the project is listed in planning documents as STS Construction Services.
The development team is seeking Tier-4 project incentives under the city’s Transit Oriented Communities Incentive Program, including an 80-percent density bonus and reduction in required open space. It would reserve seven units for extremely low-income households, per the TOC program, according to application documents.
The new building would total about 26,000 square feet of new construction and reach a maximum height of approximately 100 feet. Plans also call for about 260 square feet of retail space and 4,350 square feet of open space.
Though qualifying Tier-4 TOC projects are relieved of automobile parking requirements, the development would also provide 14 parking spaces, along with space for 51 bicycles.
The site, which is located in an Opportunity Zone census tract, was acquired in late 2019 for $3.25 million, according to county property data.
