Crest Submits Density Bonus Apartment and Retail Project
In the ever-evolving landscape of real estate development in Los Angeles, the role of permit expediting firms has become increasingly vital. One such firm that has garnered attention for its expertise and efficacy is Crest Real Estate. Their recent involvement in the Alvarado-Sunset project, located in the vibrant neighborhood of Echo Park, demonstrates their proficiency in navigating complex regulatory processes and facilitating the submission of a density bonus application.
The Alvarado-Sunset Project: A Game-Changer for Echo Park
The Alvarado-Sunset project, set in the heart of Echo Park just south of the bustling intersection of Sunset Boulevard and Alvarado Street, promises to be a transformative development. Designed by Plus Architects, the project envisions an eight-story building offering 84 studio, one-, two-, and three-bedroom apartments. In addition to these residential units, the project includes 1,475 square feet of ground-floor commercial space and ample semi-subterranean parking for 76 vehicles.
However, what makes this project particularly noteworthy is its commitment to addressing the city’s pressing housing needs. To achieve this, the developers sought a density bonus, allowing them to exceed the floor area and height restrictions typically imposed by zoning regulations. Moreover, they requested exceptions to specific setback and open space requirements. In return, the developers committed to designating 12 new apartments as affordable housing units, targeting individuals with scarce incomes.
Crest Real Estate: The Permit Expediting Experts
Entering this intricate process of permit expediting and density bonus applications was no small feat. That’s where Crest Real Estate stepped in as the driving force behind the scenes. With its proven track record of navigating Los Angeles’ rigorous permitting procedures, Crest Real Estate became the permit expediting representative for the Alvarado-Sunset project.
Their role encompassed a multitude of responsibilities, from liaising with city officials and regulatory bodies to ensuring that all necessary documents were meticulously prepared and submitted. Crest Real Estate’s expertise in the intricacies of Los Angeles’ real estate regulations was instrumental in shepherding the project through the approval process.
Facilitating the Density Bonus Application
One of the pivotal aspects of Crest Real Estate’s involvement in the Alvarado-Sunset project was their assistance in officially submitting the density bonus application, which involved a thorough understanding of the city’s density bonus program and a comprehensive grasp of the project’s objectives.
Crest Real Estate’s team meticulously compiled the documentation to ensure the project met all density bonus application requirements. They facilitated clear and effective communication between the project developers and city officials, streamlining the process and minimizing potential delays.
The Impact of Crest Real Estate’s Involvement
Crest Real Estate’s role as the permit expediting representative for the Alvarado-Sunset project not only expedited the permitting process but also showcased the critical role of such firms in modern real estate development. Their expertise in navigating the complexities of Los Angeles’ regulations, combined with their commitment to facilitating affordable housing initiatives, contributed to the success of this transformative project.
The Alvarado-Sunset project is now well on its way to becoming a vibrant addition to Echo Park, offering much-needed housing and commercial space while setting a precedent for responsible urban development. Crest Real Estate’s involvement in securing the density bonus illustrates their dedication to facilitating sustainable, community-focused real estate projects.
As the real estate landscape in Los Angeles continues to evolve, firms like Crest Real Estate become increasingly pivotal, ensuring that innovative and beneficial developments like Alvarado-Sunset can come to fruition efficiently and effectively.
Jason Somers, President & Founder of Crest Real Estate
With over 15 years of professional experience in the Los Angeles luxury real estate market, Jason Somers has the background, judgement and track record to provide an unparalleled level of real estate services. His widespread knowledge helps clients identify and acquire income producing properties and value-ad development opportunities.
Learn more about Jason Somers or contact us.
