A 108-unit mixed-use development will soon replace a car wash in Los Angeles’ Pico-Robertson neighborhood. The project, located at 9500 W. Pico Boulevard, was initially submitted to the City in 2019 by Concord Capital Partners before recently receiving approval.
Located on a half-acre plot of land, project plans at the site call for a six-story development totaling 96,871 square feet. The residential portion of the mixed-use site will include 95 market rate units, while 13 units will be set aside for affordable housing. Additionally, the project will include 3,250 square feet of commercial space, which will consist of a 1,000 square-foot restaurant and 2,250 square feet of retail space.
The project also will include 12,600 square feet of open space consisting of common areas and private balconies. A total of 134 parking spaces between two levels of subterranean parking also will be included in project plans.
The project is being designed by Abramson Architects. Renderings from the Los Angeles-based architecture firm show a podium-style building with rooftop deck amenities. A small setback in the building along Pico Boulevard also will allow for a public courtyard.
The property site is located at a highly trafficked intersection in the Pico-Robertson neighborhood of Los Angeles. The area is home to many residential and retail assets, and is just a quick drive to major freeways, including Interstates 405 and 110. Multiple bus stops are also within close proximity to the property, which provide direct access to popular attractions in nearby neighborhoods, like Beverly Hills and Century City.
Currently, the project site is developed with The Wash, a two-building car wash structure totaling approximately 14,500 square feet. According to the Concord Capital Partners’ website, the property was acquired in 2017 for an undisclosed amount, and will now be demolished to make way for the recently approved project. The project is expected to be completed by 2023.
In addition to the project planned at 9500 W. Pico Boulevard, Concord Capital Partners’ $1 billion portfolio consists of 500,000 square feet of commercial space and 3,500 units of residential space and student housing. In Los Angeles, the company also has several other projects in the works, including an additional car wash redevelopment at 431 N. La Cienega Boulevard. Acquired in 2016, the company is proposing an 88-unit mixed-use building in place of the current structure. As well as Los Angeles, the company also owns properties in New York, Dallas, San Francisco and more.
Neither Concord Capital Partners nor Abramson Architects responded in time to comment on this story.
