The exterior of “Essence Apartments” is wrapping up at 6041 Variel Avenue in Woodland Hills. BCEG purchased the three-acre lot in 2016. The building is the first phase of the development, followed by a 12 story office tower.
Back-to-back developments are rising at 839 Fedora Street and 826-840 South Mariposa Avenue, in Koreatown. CGI Strategies is the developer behind both buildings. Six lots were assembled to make the site, which was acquired in 2017. The site will have a large roof deck that will provide views of the Los Angels Skyline.
The concrete superstructure is starting to rise for 755 South Figueroa Street in Downtown Los Angeles. The 64-story tower is the third and final structure to rise as part of a decades-old development. Construction on the first tower started in the 1980s. Brookfield Properties is responsible for the development.
Framing has started to rise at 1530 North Cassil Place, in Hollywood, for development by Bond Companies, which has firms in Chicago and Los Angeles. Entitled, “Inspire Hollywood,” the structure is tucked a few plots away from Sunset Boulevard. As part of the Transit Oriented Communities program, it is a short distance from the Red Line.