May 23, 2020
Modular Affordable Housing Development Planned in DTLA
A local developer specializing in hotels is now getting into the affordable housing business.
Last week, an entity affiliated with Los Angeles-based Relevant Group submitted an application to the Department of City Planning to redevelop a commercial structure and surface parking lot at 407 E. 5th Street. Plans call for the construction of a 150-unit apartment building priced for low- and very low-income households.
Requested entitlements including streamlined permitting – as allowed by SB 35 – as well as increased floor area and reduced open space in accordance with the Greater Downtown Housing Incentive Area.
The L.A. Business Journal reported earlier this year that the project is the result of Relevant Group’s proposed redevelopment of the Morrison Hotel at Pico Boulevard and Hope Street. As the property had a single room occupancy covenant, Relevant was required to build replacement housing within the same geographic area as the Morrison.