New housing development has been proposed at 1111 North Madison Avenue in East Hollywood, Los Angeles. The project proposal includes the development of a multifamily housing complex, replacing a single-family home on the site.
Fantastic Future Holdings, LLC is the project applicant. GA Engineering is managing the design concepts.
The project site is a single lot composed of merging four smaller lots. The project will bring a five-story edifice featuring 34 studios and one-bedroom apartments. An above-grade parking space with a capacity of 25 vehicles will be developed on the site. Plans also call for approximately 240 square feet of office space at ground level. An upper-level setback will provide a street-facing amenity deck, while additional open space includes a rear yard and a community room. Renderings reveal a stucco exterior.
Project entitlements include Transit-Oriented Communities development incentives, permitting relief from certain zoning rules relative to maximum height, floor area, and density. In exchange, four of the apartments would be set aside as deed-restricted affordable housing at the extremely low-income level.
The project is under review, and an estimated construction timeline has not been announced yet. The project site sits near the Vermont/Santa Monica Station.