Introduction to Lendlease and the Baldwin Hills Project
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.
Project Details and Location
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.
Affordable Housing and Sustainability
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. Sustainable aspects of the development include 64 electric vehicle parking spots, more than 220 bicycle parking spaces, natural ventilation, and lower-carbon concrete.
Design and Amenities
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.
Financing and Timeline
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.
Conclusion
The Lendlease project in Baldwin Hills represents a significant investment in luxury apartment living and sustainable development in the Los Angeles area. With its mix of affordable housing, upscale amenities, and eco-friendly design, Habitat LA is poised to become a model for future developments in the region.
FAQs
- Q: Who is developing the luxury apartment complex in Baldwin Hills?
A: Lendlease and Aware Super are developing the project. - Q: What is the expected completion date for the project?
A: The project is expected to be completed next year. - Q: How many units will the project include?
A: The project will include 261 luxury apartment units, with 22 set aside as affordable housing for very low-income households. - Q: What sustainable features does the project include?
A: The project includes 64 electric vehicle parking spots, over 220 bicycle parking spaces, natural ventilation, and lower-carbon concrete. - Q: How much did Lendlease pay for the development site?
A: Lendlease bought the development site in 2021 for $92 million.Read more
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