Construction has begun for a residential project proposed at 2718 Figueroa Street In University Park, Los Angeles. The project proposal includes the development of a mixed-use development offering residential and retail spaces. The mixed-use will stand tall at the former site of a Grinder restaurant.
Amplify Development Co. and Core Spaces are the project developers. Antunovich & Associates is responsible for the design concepts.
Named The Hub on Figueroa, the project broke ground seven months ago. The project will bring a seven-story edifice featuring 157 apartments and commercial space spanning an area of 5,128 square feet on the ground floor. A semi-subterranean parking garage will also be developed on the site.
Approved plans rely on Transit Oriented Communities development incentives to permit a larger, denser building than allowed by zoning rules. In exchange for bonus floor area, the developers are required to set aside 18 of the proposed studio, one, two-, three-, four-, and five-bedroom dwellings as deed-restricted very low-income housing. Seven additional apartments will also be set aside voluntarily as workforce housing.
Renderings reveal a contemporary podium-type building with an articulated façade and a large rooftop amenity deck. The project site is located at the intersection of 28th Street and Figueroa Street, just north of USC.