Apartment Tower Planned At 1050 La Cienega Boulevard In Carthay Square, Los Angeles

A new residential tower in coming to a site proposed at 1050 La Cienega Boulevard in Carthay Square, Los Angeles. The project proposal includes the development of a high-rise tower offering residential, retail, and open spaces on an empty lot. The property was previously entitled for a seven-story apartment building.

CP VIII La Cienega LLC, an entity affiliated with San Francisco-based developer Carmel Partners, is the property owner. Solomon Cordwell Buenz is responsible for the design concepts.

1050 La Cienega Street Level View via Solomon Cordwell Buenz

The project will bring an apartment tower with 28 stories, offering 290 apartment units. The tower will also feature 54,000 square feet of open space 7,500 square feet of retail space on the ground floor. Parking for 426 vehicles would be located in above- and below-grade levels.According to the permit application, the proposed project will employ Tier 3 Transit Oriented Communities incentives (TOC) permitting a larger structure than otherwise allowed by zoning rules. In exchange, 29 of the new homes – or 10 percent of the project total – will be set aside as deed-restricted affordable housing at the extremely low-income level.

1050 La Cienega Site via Google Maps

The site last sold for $48 million in late 2021. It is located just south of Beverly Hills and La Cienega Park.

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