It looks like there won’t be a shortage of housing in and near Echo Park any time soon.
Westlake Housing, a Texas-based firm specializing in housing for low-income tenants, is planning a six-story, 125-unit complex at 111 1/2 S. Lucas Avenue, just south of the park on a hillside above First Street Bridge, the Eastsider reported.
The all-affordable project will have 56 units reserved especially for low-income seniors or disabled tenants, according to permits. There will also be an underground parking garage.
Westlake, which is also behind the development of the Manitou Vistas complexes in Lincoln Heights and Metro Loma in Glendale, purchased the property in early 2015 for $5 million.
This upcoming building will join a bundle of other new residential projects near Lucas, First Street and Glendale Boulevard, including the Belmont Station Apartments across the street. That 276-unit complex opened in 2008. Two blocks away, there’s the Larry Itliong Village apartments, which contain 45 units.
Other new buildings in the works include a 36-unit apartment building near the intersection of Sunset Boulevard and Alvarado Street by B. Raeen Construction, a 121-unit residential complex at 327-411 North Boylston Street by Lion Real Estate Group and a 34-unit multifamily project at 712 and 706 N. Alvarado Street, headed by Alvarado Property Partners.
One of the largest residential developments proposed for Echo Park is the Sunset Gateway, developed by Aragon Properties of Canada. This project calls for 214 apartment and commercial space on the ground floor. [The Eastsider] — Cathaleen Chen