Six Peak Development To Present 110-Unit Plans To MacArthur Park Committee

The project would rise eight stories and include a 58-stall underground parking garage
2859 Francis Site
Photo: Google Maps| A shot of 2857 – 2883 Francis Ave. before demolitions.

The MacArthur Park Neighborhood Council‘s planning committee Monday evening will review a presentation by Six Peak Development on plans for a 110-unit apartment project just southeast of the intersection of West 8th Street and South Westmoreland Avenue, according to its meeting agenda.

Sign up now to get our Daily Breaking News Alerts

Opt out at anytime

Filed late last year, plans call for an eight-story multifamily development to rise on a now-vacant, 0.62-acre lot at 2857 – 2883 Francis Ave. Multiple demolition permits were issued last year for the site, which had held five structures and multiple units but is now completely vacant, according to application document photographs.

The project would consist of 12 studios, four one-bedrooms, 16 two-bedrooms, 26 three-bedrooms, 25 four-bedrooms, and 27 five-bedrooms above one level of underground parking with 58 automobile spaces, plans show. Units would range from average sizes of 386 square feet for studios to 1,425 square feet for five-bedrooms.

The owner of the project site is listed as Six Peak Capital, a New York-based real estate asset management firm. The property was acquired last year for about $7.75 million, according to Los Angeles County property records.

Plans will be presented to the neighborhood council committee by Six Peak Capital Director of Development Derek Sanders, the meeting agenda shows.

The project applicant is requesting Tier-3 project incentives under the city’s transit-oriented communities program, including an 11-foot height increase to 85 feet.

The architect for the proposed development is listed as LA-based Gruen Associates.

Residents would have access to amenities including a ground-floor courtyard and 10,828-square-foot roof terrace, plans show.

Dean Boerner

Dean Boerner

Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. He received his bachelor's degree in economics and business from Saint Mary's College of California, where he also served as the editor-in-chief of The Collegian, the school's campus newspaper. Before that, he spent two years as the publication's sports editor, and he remains a committed fan, for better or worse, of his Sacramento Kings, San Francisco Giants, and Saint Mary's Gaels.
Dean Boerner

Dean Boerner

Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. He received his bachelor's degree in economics and business from Saint Mary's College of California, where he also served as the editor-in-chief of The Collegian, the school's campus newspaper. Before that, he spent two years as the publication's sports editor, and he remains a committed fan, for better or worse, of his Sacramento Kings, San Francisco Giants, and Saint Mary's Gaels.
0 0 votes
Article Rating
Subscribe
Notify of
guest

3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
trackback

… [Trackback]

[…] Info to that Topic: whatnowlosangeles.com/six-peak-development-to-present-110-unit-plans-to-macarthur-park-committee/ […]

trackback

… [Trackback]

[…] Read More on that Topic: whatnowlosangeles.com/six-peak-development-to-present-110-unit-plans-to-macarthur-park-committee/ […]

trackback

… [Trackback]

[…] Information to that Topic: whatnowlosangeles.com/six-peak-development-to-present-110-unit-plans-to-macarthur-park-committee/ […]

Related Posts

Pin It on Pinterest