South Los Angeles developer Haroni Investments has filed plans to build a 79-unit mixed-use apartment along Crenshaw Boulevard. The proposed five-story building is the latest in a string of development projects that Haroni has put forward over the last two years in South LA.
Located at 5144 Crenshaw Boulevard, the site is currently occupied by New Crenshaw Transmission & Auto Repair. Haroni intends on developing the 22,000-square foot lot by taking advantage of available density bonuses and other incentives from the city’s Transit Oriented Communities (TOC) program.
The TOC program, which was approved by voters in Nov. 2016, seeks to encourage market-rate developers to include affordable units in projects located near transit hubs. Current plans for the building call for eight units of the 79-units to be reserved for low-income residents.
Click here to read the full article written by Pat Maio for The Real Deal Los Angeles.
