A 169,753-square foot mixed-use building is being planned for the Mar Vista community between Los Angeles and Culver City. The building, referred to as Triangle Center, will take up a full city block along Washington Boulevard, Meier Street and Zanja Street and would bring those nearby a mix of commercial space and affordable living options.
Located at 12727 Washington Boulevard, the proposed project is a redevelopment of a 57,342-square-foot commercial and residential site. To be developed by Bastion Development Corporation, preliminary project plans call for a mixed-use development with 144 residential units and 19,100 square feet of commercial space over two levels of subterranean parking. The proposed project would set aside 19 residential units as affordable housing in accordance with the Culver City Community Benefits Program as well as the California State Density Bonus Law.
The Mar Vista Community Council met last week to review the development plans from Bastion Development and PK Architecture, which has been charged with project designs. The community council also discussed preliminary community amenities, which would include 5,000 square feet of landscaped open space for public use. Other amenities shown in project renderings include a pool courtyard and an amenity deck on the second floor.
According to public records, the project site was acquired in 2018 by Bastion Corp. for approximately $12.11 million from a company affiliated with Triangle Center LLC. Bastion Development Corporation is a Vancouver-based developer specializing in commercial and residential properties throughout British Columbia.
Situated between Culver City and Los Angeles, the property is located near various restaurant and retail properties. Additionally, nearby schools include Venice High School and Mark Twain Middle School. It is also nearby several pedestrian-friendly streets and three bus stops for easy access throughout Los Angeles and Culver City.
In Los Angeles and surrounding neighborhoods, the residential market overall has been seeing development pick up despite the negative effects of COVID-19, Kidder Mathews found in a recent report. In the first quarter of 2021, the brokerage firm reported approximately 1,285 residential units delivered to the market, with an additional 3,870 residential units to be added no later than December of 2023. In comparison to pre-COVID-19 levels, Kidder Mathews reported that deliveries are still down by nearly 26 percent and the amount of properties under construction has decreased by approximately 13 percent. However, they are expected to continue to pick up as the year continues and the Los Angeles economy continues to reopen.
No timeline for the project has been announced, and neither PK Architects or Bastion Development Corporation responded in time to comment for this story.