LOS ANGELES-Oak Coast Properties has revealed plans for a high-end multifamily development at 1250 N. Fairfax Avenue in West Hollywood. The planned development will begin construction in the fall of 2014.
“With this new community, Oak Coast Properties will bring to market new, highly amenitized units in a boutique offering that differentiates it from other existing and new product in the area,” says Matthew Heslin, Oak Coast Properties chief executive and co-founder. The property will feature 53 one- and two-bedroom units and three-bedroom, two-story units as well as 12 additional low-income housing options. Santa Monica-based R&A Design will serve as lead designer.
Amenities are the highlight of the property. Interior units will boast larger living spaces compared to other buildings in the submarket while the exterior building will have a five-story courtyard, rooftop swimming pool, a fitness center and a yoga deck. Stand on the rooftop, and bask in 360-degree views of the Hollywood Hills, Century City and the skyline of Downtown Los Angeles. Residents will also have access to a bike maintenance station and a pet washing station.
New development in West Hollywood is rare, making this an especially unique project. Other multifamily development recently has been concentrated in the Glendale and downtown markets. According to the recent Opportunity Knocks conference, Downtown Los Angeles currently has 5,000 market-rate units under construction. Glendale, which is considered to be one of the city's top neighborhoods, has 2,000 units under construction.
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