Lincoln Center Project Would Have 521 Apartments Available
By Dolores Quintana
SanMon Inc. is eyeing the Gelson’s Shopping Center at 2627 Lincoln Blvd in the Ocean Park neighborhood for a massive mixed use development that would boast a development with 521 apartments, 53 of which would be designated as very low income housing, distributed among different buildings with various heights up to 5 stories or 65 feet tall as reported by Urbanize Los Angeles. The complex will come with 36,000 square feet of restaurant and retail space that would face the street that would include a grocery store and 880 parking spaces for vehicles and 816 spaces for bicycles.
SanMon partnered with Cypress Equity Investments, a local development company, on the project. The apartments would be a mix of studio, one, two and three bedroom units.
The developers have applied for density bonus incentives in order to be able to build a complex this large that is not allowed by zoning laws. Those incentives which would allow the entitlements require 53 apartments that are priced at very low income levels. According to the project website, the affordable apartments would be priced at $700 for a studio apartment, $800 for a one bedroom apartment and $900 a month for a two bedroom apartment.
Gelson’s has not signed on as the grocery store for the complex as yet, so which grocery store will be on property is not known at this time.
Architect Koning Eizenberg is designing the project. The current shopping center would be demolished to make way for the new development if it is approved.
