Sunday, August 23, 2009
The Proposed Project includes the demolition of approximately 54,000 square feet of existing commercial uses and the construction of a new mixed-use development consisting of residential condominiums and retail space. The Project includes two residential condominium high-rise buildings (Wilshire Tower and Vermont Tower) above a 4-level above grade parking podium and a one-level retail structure. The Wilshire Tower will include 287 units within 18 floors above the podium level (348,000 square feet of floor area) and the Vermont Tower will include 177 units within 10 floors above the podium level (211,000 square feet of floor area). Both residential buildings will include a combined total of 464 residential units built over 4 levels of above ground level parking, approximately 27,000 square feet of commercial retail space and up to 14,000 sf of restaurant area on the ground floor, and 2 levels of subterranean parking. The proposed transit-oriented project is designed to incorporate a mixture of activities that support and encourage pedestrian activity in close proximity to the Wilshire/Vermont MTA Metro Red Line Station.