Work is underway on a $105-million apartment and retail development at the crossroads of two major Los Angeles thoroughfares, Wilshire Boulevard and La Brea Avenue.
The six-story complex called Wilshire at La Brea is being erected by San Francisco apartment developer BRE Properties. It will house 480 residential units and fill the block at the southeast corner of the intersection.
“Through careful planning, this project comes to market at the right time and provides much-needed housing in an area already rich with valuable amenities and easy access to mass transit,” BRE Vice President John Selindh said.
The development is one of the first to take advantage of a new city planning policy that allows for replacement of obsolete structures to encourage higher density in urban infill areas, according to architect Thomas Cox, a principal at Los Angeles-based TCA Architects, who designed the project.