The Los Angeles City Council voted Wednesday to include a pair of city-owned properties in Hollywood on a list of sites the city is looking to develop for affordable housing and other uses.
Councilman Mitch O’Farrell said the project would put affordable units into the “heart of Hollywood” and involve a parking lot at 1633 N. Wilcox Ave. and adjacent buildings at 6518-6522 Hollywood Blvd.
The properties are about four blocks from the Capitol Records building, Pantages Theatre and the Hollywood/Vine Red Line Station, and currently house retail stores and the Los Angeles Contemporary Exhibitions art gallery, said O’Farrell aide Tony Arranaga.
He said the councilman “envisions a mixed-use, mixed-income development that would include affordable housing,” as well as “commercial retail,” art-related establishments and more public parking spaces.
City officials are planning to release a request for qualifications later this year to ask developers to propose “start-to-finish” plans for the city-owned land that encompass design, construction, operation, maintenance and a long-term lease, according to Arranaga.
The two city-owned properties will be included on a list of assets that were already approved by the City Council last September as potential sites for affordable housing projects.
— Wire reports
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