Author: laloftblog

New Apartments Los Angeles Riverfront Creative Campus Coming to Elysian Valley

The new development will re-use two existing riverfront buildings and re-develop a vacant lot that was used as a bulldozer storage yard. It will also construct a 3-story mixed-use building with 40 live-work units arranged in a U shape around a landscaped central courtyard; eight of the units will be reserved for low-income households. About 8,000 to 15,000 square feet of commercial space will be on the ground floor.

The new construction will be set back between 60 and 90 feet from the River and will feature 33 studios and seven 3-bedroom units .  #apartments #evrcc

Developed by Terra River LLC, the Elysian Valley Riverfront Creative Campus seeks to “create meaningful connections to the Los Angeles River”. The 40,000-square foot building also has eight low-income units. Tax credits have enabled Terra River to offer discounted rents for non-profits, and river or community businesses.

Building height is expected to reach to 56 feet. The development will have underground parking, three stories of studio units (about 700 square feet), and three-bedroom units (around 1,100 square feet).

It also plans to eventually lower or remove the seven-foot concrete wall that separates the property from the Los Angeles river and open up the existing 1947 bow-truss building to the Los Angeles River bike path, so people can move freely from the path into the development. “This building is really just like a tent, supported by poles. We can open up this whole structure to allow the Los Angeles River through,” explains de Forest.

Terra River is also working on a street-end park concept on Allesandro Street, which they hope would soften the transition between the development and the river. Landscaping also plays a large role in the project. In site plans, seating areas can be found alongside riparian landscaping. De Forest also says that a storm water recycling system with a giant cistern at the basement would be implemented at the project, which would help capture, treat and re-use the water instead of allowing urban runoff to flow through pipes and onto the river, which is what the current neighborhood infrastructure does.

The River Campus is now under construction. It is not known exactly how lofty the live/work units will be, whether all of the residential units will be new construction, or if any of them will occupy the re-used existing structures. Currently, it appears as thought the units will soon be available as new apartments for lease and not for sale.

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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.