The Los Angeles Planning Commission signed off on a new housing project at 1818 North Cherokee Avenue in Hollywood. The project proposal includes the construction of a new multifamily residential development featuring apartments and on-site parking.
Real estate investment firm CGI Strategies is the project developer. AC Martin is managing the design concepts and construction.
1818 Cherokee Avenue Site via Google Maps
The project will replace a surface parking lot. The seven-story residential development will feature 86 apartments offered as a mix of studios, one-bedroom, and two-bedroom units. A two-level parking garage with a capacity of 61 vehicles is proposed at the basement level. On-site amenities are inclusive of a gym, a clubhouse, and a rooftop pool deck.
The podium-style building showcases a contemporary design with five levels of wood-frame construction above a concrete base.
Project entitlements include a density bonus to allow a larger building than allowed by zoning laws. In return, the developer will set aside 21 apartments as deed-restricted affordable housing at the very low-income level. The Commission moved to adopt a sustainable communities project exemption (SCPE) for a proposed apartment complex.
The project site is located two blocks north of the Walk of Fame near Hollywood and Westlake.
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