The Los Angeles County Metropolitan Transportation Authority (Metro), McCormack Baron Salazar, the Los Angeles Housing Partnership, Polis Builders and Goldman Sachs Urban Investment Group announced the construction start on Phase I of a new mixed-income, mixed-use, transit-oriented development (TOD) located one block east of Metro's Westlake/MacArthur Park Metro Rail Station entrance.
The project is part of Metro's Joint Development Program, which seeks to secure the most appropriate private and/or public sector development on Metro-owned property at and adjacent to transit stations and corridors.
The Westlake/MacArthur Park neighborhood, located just two miles west of Downtown Los Angeles, has seen housing costs rise and quality affordable housing diminish. The neighborhood is one of the most densely populated in the city with a significant lower income population. The majority of residents are recent immigrants from Central America, who rely heavily on public transportation.
Phase I, the initial phase of a two-phased development effort, will contain 90 units of affordable rental housing above approximately 15,000 square feet of ground floor retail space and residential, retail and commuter parking. The commuter parking will consist of 100 spaces, partially funded by Metro, that are intended for use by Metro Rail commuters. The total development costs for Phase I is approximately $45 million.
The second phase of the development will be constructed directly over the Metro Rail station entrance, and will be comprised of 82 affordable housing units, a retail component and associated parking.
In addition to offering residents the convenience of multiple modes of public transit, Phase I will be a "green" design meeting LEED Silver requirements that include using recycled materials, high energy efficient heat and cooling systems and dual glazed windows, water saving fixtures, non-toxic paints and materials, and R-19 insulation. Market rate amenities such as washer and dryer, dishwasher, central air and heat, free high-speed internet are standard in each unit. In addition, each household will receive a free monthly Metro pass.
