Introduction to Mixed-Use Development
A new mixed-use development is poised to rise in Valley Village.
The city of Los Angeles has approved a proposal to redevelop a commercial building at 12500 Riverside Drive into a five-story building with housing and ground-floor retail, Urbanize Los Angeles reported.
Project Details
Developer Joseph Samuel received a determination letter from the City of Los Angeles’ Department of City Planning giving the green light to his Valley Village project just north of the 101 Freeway. The development, designed by JZA Architecture, would feature 219 apartments atop 2,162 square feet of ground-floor retail space and a two-level, 254-space subterranean parking garage.
Affordable Housing
Riverside Apartments, as JZA has codenamed the project, will include 25 units of very low-income housing and eight units of moderate-income housing. By setting off these affordable units, the project can utilize density incentives allowing larger structures than what zoning rules normally allow. In Los Angeles County, very-low income is defined as a maximum of $53,000 per year for one person, while moderate income maxes out at $89,550.
Amenities
Residents will have access to three courtyards throughout the property and amenities including lobby lounges, a fitness center, outdoor gardens, a dedicated dog park and a swimming pool.
Approval Process
The endeavor initially would have required City Planning Commission approval due to its use of density bonus incentives, but the implementation of the Citywide Housing Incentive Program in February created a fast-track to approval. This allows the project to move forward without a public hearing or environmental review and cannot be appealed.
Developer’s Background
It’s not the first mixed-use development Samuel has pursued. In 2019, his five-story Monarch Apartments development at 1745 North Western Avenue in Hollywood opened with 26 one-, two- and three-bedroom apartments and about 1,500 square feet of ground-floor retail.
Other Projects in the San Fernando Valley
Elsewhere in the San Fernando Valley, JZA’s projects in Reseda and Sun Valley are among those that have been given the go-ahead after a judge ordered the city council to rescind its rejections of high-density development applications.
Read More
LA City Council must backtrack on San Fernando Valley housing development rejections
“Sopranos” star Jamie-Lynn Sigler sells San Fernando Valley home
North Hollywood poised to receive new 100% affordable building
Conclusion
The new mixed-use development in Valley Village is a significant step towards providing more housing and retail options in the area. With its affordable housing units and various amenities, the project is expected to have a positive impact on the community.
FAQs
Q: What is the location of the new mixed-use development?
A: The development is located at 12500 Riverside Drive in Valley Village.
Q: How many apartments will the development feature?
A: The development will feature 219 apartments.
Q: What is the income limit for very-low income housing in Los Angeles County?
A: The income limit for very-low income housing in Los Angeles County is $53,000 per year for one person.
Q: What amenities will the development offer?
A: The development will offer lobby lounges, a fitness center, outdoor gardens, a dedicated dog park, and a swimming pool.
