{"id":4028,"date":"2024-12-26T18:16:25","date_gmt":"2024-12-27T02:16:25","guid":{"rendered":"https:\/\/citystuff.com\/los-angeles\/?p=4028"},"modified":"2024-12-26T18:16:25","modified_gmt":"2024-12-27T02:16:25","slug":"thomas-beadel-eyes-affordable-units","status":"publish","type":"post","link":"https:\/\/citystuff.com\/los-angeles\/thomas-beadel-eyes-affordable-units\/","title":{"rendered":"Thomas Beadel Eyes Affordable Units"},"content":{"rendered":"<p><strong>Affordable Housing Project Proposed in Studio City<\/strong><\/p>\n<p>Developer Thomas &quot;Tommy&quot; Beadel has filed plans with the City of Los Angeles to build a five-story, 100% affordable housing project in Studio City. The project, located at 12432-12446 West Moorpark Street, would offer 102 two-bedroom units, according to the application filed with the city.<\/p>\n<p><strong>Project Details<\/strong><\/p>\n<p>The project would allocate 20% of its units for moderate-income households, while the remaining 80% would be for low-income residents. The proposed project is not required to offer resident parking due to its proximity to public transportation.<\/p>\n<p>The project would also feature a range of amenities, including bike storage, a courtyard, roof deck, and other open space totaling 6,375 square feet. The developer, Beadel, has partnered with Stockton Architects to design the project.<\/p>\n<p><strong>Expedited Permit Process<\/strong><\/p>\n<p>The project would be fast-tracked through the approvals process using Los Angeles Mayor Karen Bass&#8217; expedited permit process program, Executive Directive 1 (ED1). This program was launched in 2022 to accelerate the creation of shelters and fully affordable housing projects, allowing multifamily developers to bring their projects to life more quickly.<\/p>\n<p><strong>Other Affordable Housing Projects<\/strong><\/p>\n<p>Beadel is not only working on the Studio City project but also has several other affordable housing projects in various stages of development. These projects include a four-story project at 2245 South Amherst Avenue in Sawtelle, which would offer 38 one-bedroom units for low-income residents, as well as projects in North Hollywood and Mar Vista.<\/p>\n<p><strong>Conclusion<\/strong><\/p>\n<p>The proposed Studio City project is a significant step forward in addressing the city&#8217;s affordable housing crisis. With the expedited permit process, the project can move forward quickly, bringing much-needed affordable housing to the community.<\/p>\n<p><strong>Frequently Asked Questions<\/strong><\/p>\n<p>Q: What is the location of the proposed project?<br \/>\nA: The project is located at 12432-12446 West Moorpark Street in Studio City.<\/p>\n<p>Q: How many units will the project offer?<br \/>\nA: The project will offer 102 two-bedroom units.<\/p>\n<p>Q: What is the income range for the residents?<br \/>\nA: The project will allocate 20% of its units for moderate-income households, while the remaining 80% will be for low-income residents.<\/p>\n<p>Q: Is the project required to offer resident parking?<br \/>\nA: No, the project is not required to offer resident parking due to its proximity to public transportation.<\/p>\n<p>Q: Who is designing the project?<br \/>\nA: The developer, Beadel, has partnered with Stockton Architects to design the project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Affordable Housing Project Proposed in Studio City Developer Thomas &quot;Tommy&quot; Beadel has filed plans with the City of Los Angeles to build a five-story, 100% affordable housing project in Studio City. The project, located at 12432-12446 West Moorpark Street, would offer 102 two-bedroom units, according to the application filed with the city. Project Details The [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-4028","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/static.therealdeal.com\/wp-content\/uploads\/2024\/12\/LA-Developer-Thomas-Beadel-eyes-102-unit-affordable-apartment-complex-in-Studio-City-FEATUREIMG_v2.jpg?w=1920&resize=1920,1344&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/4028"}],"collection":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/comments?post=4028"}],"version-history":[{"count":1,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/4028\/revisions"}],"predecessor-version":[{"id":4030,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/4028\/revisions\/4030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/media\/4029"}],"wp:attachment":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/media?parent=4028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/categories?post=4028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/tags?post=4028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}