A set of new renderings has been released for a residential project proposed for a site located at 6422 Selma Avenue in Hollywood, Los Angeles. The project proposal includes the development of a 14-story residential tower.
Beverly Hills-based Hawkins Way Capital is the project applicant. DLR Group is responsible for the design concepts.
Named FOUND Residences, the 14-story tower will be a co-living apartment tower, replacing the rear portion of the Concepts Arts Building on the site. Plans call for the construction of 45 four-bedroom apartments and parking spaces for 35 vehicles in stackers at the ground floor. Onsite amenities are inclusive of multiple common living rooms, a fitness center, and three roof decks.
The entitlement application relies on density bonus incentives to permit greater floor area and reduced setbacks than otherwise permitted by zoning. In exchange, six of the new apartments will be reserved as affordable housing at the very low-income level.
Renderings reveal a contemporary mid-rise building clad in the same hue and pattern as the original red brick found in the historic building. The new design expresses a modern twist utilizing fiber cement panels and introducing a different scale to offer a variety from the existing façade. Perforated metal enclosure with operable panels surrounds the balconies on the west and east facades to offer views of Hollywood. At the upper levels, the building terraces back for multiple outdoor roof decks for residents offering stunning sunset views.
The project team is consulting with Hollywood Heritage and the Planning Department’s Office of Historic Resources on the restoration of the Concept Arts Building. FOUND Residences is anticipated to be completed by 2024. The project site is located a block south of the Walk of Fame.