Los Angeles City Planning Commission has signed off a proposal for a hotel at 5057 Lankershim Boulevard in Hollywood, Los Angeles. The project proposal includes the development of a seven-story building offering hotel rooms, retail, and restaurant spaces. Agoura Hills-based real estate firm Napa Industries, LLC is the project developer. AXIS/GFA is responsible for the design concepts.
A new mixed-use development is under construction at 1340 South Olive Street in Downtown Los Angeles. The project proposal includes the development of a seven-story mixed-use apartment building just south of Pico Boulevard. Jade Enterprises is the project developer. MVE + Partners is responsible for the design concepts.
A new residential project is proposed at 2632 South Monmouth Avenue in Unviersity Park, Los Angeles. The project proposal includes the development of two duplex houses, slated to replace an aspahlt parking lot on the site. Hoover Street Holdings, a Los Angeles-based entity linked to the Las Vegas company Triangle Trading, Ltd, is the property owner. Los Angeles-based architect Michael Nigosian is designing the duplexes.
LAX has moved up in ranking from the fifteenth busiest to the fifth busiest airport in the world, according to recent preliminary figures released by Airports Council International (ACI) World. Usage increased 67% compared with 2020. In 2021 a total of 48,007,284 passengers used LAX.
A new residential project for seniors is under construction at 1615 Montana Street in Echo Park, Los Angeles. The project proposal includes the development of a five-story senior affordable housing complex. The $35-million development is being built as a joint venture between Domus, Skid Row Housing Trust, and Affordable Housing CDC. KFA Architecture is designing the project.