A new affordable housing project has been proposed for development at 2702 North Fletcher Drive in Atwater Village. The project proposal includes the development of a new six-story residential complex offering affordable housing options. Once approved, commercial buildings on the site will be demolished in order to give way for the affordable housing.
JTFO Holdings, LLC is listed as the project applicant. Sammie Tabrizi is responsible for the designs.
The scope of work includes the construction of a new six-story building offering 92 residential units to be offered as affordable housing. The units will be designed as a mix of studios and one-bedroom floor plans. Parking for 21 vehicles will also be provide within the new building.
Renderings reveal a contemporary design featuring a podium. As an affordable housing development, the project is eligible for density bonus incentives permitting a larger structure than allowed by zoning rules. The project will come to fruition using the Mayor’s Executive Directive 1.
A project application was submitted last week. The estimated construction timeline has not been revealed yet. The project she is located on a corner parcel toward east of the Los Angeles River.
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