A new residential project has been approved for development at 825 Hyperion Avenue in Silver Lake, Los Angeles. The project proposal includes the development of apartments. Plans call for the demolition of a single-family home and a three-unit multifamily residential property on the site.
Los Angeles-based Lazer Properties is the project applicant and the property owner. Kevin Tsai Architecture is designing the building.
Plans call for the construction of a new six-story building featuring 50 apartments. The apartments will be offered as a mix of studios, one-bedroom, and two-bedroom apartments above a 55-car parking garage. Requested entitlements include Transit Oriented Communities incentives, allowing a larger building with less parking than typically allowed by zoning rules. In exchange, five of the new apartments are to be set aside for rent as extremely low-income affordable housing over a period of 55 years.
Named Hyperion Residences, the building will include onsite amenities such as a central courtyard, a gym, and a recreation room. Renderings reveal a contemporary low-rise building clad in brick. The estimated construction timeline has not been announced yet.