Infill Pitched for 8-Story Condo Complex in Windsor Square

Yue Fung Holdings wants to build a 54-unit condominium building in Windsor Square. The developer has filed preliminary plans to build the eight-story complex at 4135 Wilshire Boulevard, between Bronson Avenue and Irving Boulevard, Urbanize Los Angeles reported. It would replace a lot vacant since the 1940s.

Project Overview

The proposal calls for a 104,000-square-foot building with 54 one-, two-, and three-bedroom condos above 4,100 square feet of ground-floor shops and restaurants. The developer of the 109-foot-tall project would rely on density bonus incentives to build a larger building than zoning rules allow in exchange for three affordable condominiums set aside for very low-income households.

Purchase and Location

Yue Fung Holdings bought the lot near the corner of Wilshire and Crenshaw boulevards in 2021 for an undisclosed price, according to Urbanize. The property is west across Bronson Avenue from the historic Los Altos Apartments, where garages are being converted into eight accessory dwelling units in Windsor Square, between Hancock Park and Koreatown.

Surrounding Development

Metro is now soliciting developers to build housing on the site of a staging area at Wilshire and Crenshaw used in the ongoing construction of Metro’s Purple Line extension, according to Urbanize. This move is part of a larger effort to increase housing density and development in the area.

Developer Background

Little is known about Yue Fung Holdings, which doesn’t appear in California Secretary of State business records. This lack of information has raised questions about the company’s background and experience in development projects.

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Conclusion

The proposed 8-story condo complex in Windsor Square marks a significant development in the area, offering a mix of residential and commercial spaces. With its reliance on density bonus incentives for affordable housing, the project aligns with broader efforts to address housing needs in Los Angeles. As the project moves forward, it will be important to monitor its progression and impact on the local community.

FAQs

• Q: Who is the developer behind the 8-story condo complex in Windsor Square?
  A: Yue Fung Holdings is the developer behind the project.
• Q: How many units are planned for the complex?
  A: The complex is planned to have 54 units, including one-, two-, and three-bedroom condos.
• Q: What is the significance of the project’s location?
  A: The project is located near the corner of Wilshire and Crenshaw boulevards, in an area that has seen recent development and revitalization efforts.
• Q: What is the status of the project?
  A: The project is in the preliminary planning stages, with the developer having filed plans and awaiting approval.