Lendlease and a pension fund are building a two-building, 261-unit luxury apartment complex in Baldwin Hills.
The Australia-based developer and Aware Super are constructing Habitat LA, a 461,000-square-foot mixed-use project at 3401 South La Cienega Boulevard, east of Culver City, Urbanize Los Angeles reported. It will replace a 3.5-acre storage facility.
The development, next to Metro’s elevated La Cienega/Jefferson Station, is expected to be completed next year.
Plans for the project include a 12-story, 260-unit “ultra luxury” apartment building; a six-story, 253,000-square-foot office building; and 2,900 square feet of ground-floor shops and restaurants. An underground garage would serve 785 cars.
The developer has employed density bonus incentives that permit a larger development than zoning rules allow in exchange for 22 studio, one-, and two-bedroom units set aside as affordable housing for very low-income households.
Lendlease has also volunteered to reserve seven apartments as workforce housing, affordable for households earning up to 120 percent of area median income.
The project, designed by New York-based ShoP Architects, would feature a residential tower and office building with upper-level setbacks to create terrace decks. The office building would include mass timber in its design.
An acre park, designed by Downtown L.A.-based Relm, would fill out the “live-work-thrive” campus and it would open onto a bike path near Metro’s La Cienega/Jefferson Station.
Sustainable aspects of the development include 64 electric vehicle parking spots, more than 220 bicycle parking spaces, natural ventilation and lower-carbon concrete.
Lendlease bought the development site in 2021 for $92 million, with plans for its first project in Los Angeles. Three years ago, the project was estimated to cost $600 million.
In August, Lendlease and Aware Super secured a $316 million construction loan from Barings and Counterpointe Sustainable Real Estate.
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