A new mixed-use project has been proposed for development at 3822 South Figueroa Street, Exposition Park, Los Angeles. The project proposal includes the development of a new seven-story offering apartments and retail spaces. Plans call for the demolition of existing residential buildings built in the 1920s.
Ventus Group is the project developer. KTGY is responsible for the designs.
The scope of work includes the development of a new seven-story mixed-use apartment complex, replacing the existing 51 existing residential units. The mixed-use will offer 209 studios, one-bedroom, two-bedroom, three-bedroom, and four-bedroom floor plans. Additionally, commercial space spanning an area of 2,705 square feet will be created for a restaurant on the ground floor. A 40-car garage will also be developed on the site.
Requested approvals include density bonus incentives to permit a larger structure with more housing than would normally be allowed by zoning rules. in exchange, 42 of the apartments are to be set aside for rent by very low- and low-income households.
Renderings reveal a modern design for a T-shaped footprint. The building will feature amenity decks with views of the nearby USC campus and Downtown Los Angeles, as well as courtyards and other interior spaces.
A project application has been submitted to the Los Angeles Department of City Planning, pending review and approval. The project site is located across the street from Exposition Park.
The project site shares a block with The Hub, another mixed-use building that provides student housing to USC students.
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