Rendering: Togawa Smith Martin
Steps away from a bustling stretch of Hollywood Boulevard, a surface parking lot could make way for a seven-story residential building with rental and ownership opportunities.
Real estate investment firm CGI Strategies submitted an application for the project’s development to Los Angeles City Planning last week, requesting a handful of incentives in exchange for the inclusion of 21 affordable units reserved for very low-income households.
Rendering: Togawa Smith Martin
The proposed development site is a nine-minute walk from the Hollywood/Highland metro station, along with numerous bars and restaurants, historic theatres, entertainment venues and shopping centers. CGI Strategies has completed several nearby projects, including The James of Hollywood and Villa Carlotta.
Plans call for a mix of studio, one-bedroom and two-bedroom units, ranging from approximately 590 to 1,313 square feet. A total of 61 vehicle parking spaces would be provided, in addition to 66 bicycle parking spaces on subterranean and at-grade levels.
Rendering: Togawa Smith Martin
Designed by LA-based architectural design firm Togawa Smith Martin, the project would feature a pedestrian lobby entrance along Cherokee Avenue, a ground-level gym, and a rooftop pool deck and interior clubhouse. Select units would have access to private storage lockers, while all units would be equipped with open-air balconies.
The building would be clad in three colors of cement plaster, including white, greige and light blue-gray. Balconies would include metal guardrails painted a dark gray hue and fiberglass-framed windows would be trimmed out in white. There would be extensive landscaping, including new street-level trees and planter boxes.
Image: Togawa Smith Martin
Located at 1818 Cherokee Avenue, future residents would live among iconic LA landmarks such as the TCL Chinese Theatre, Capitol Records Building and Hollywood Walk of Fame. Day-to-day essentials wouldn’t be far away either with Trader Joe’s, CVS, Bed, Bath & Beyond, and the Hollywood Farmers’ Market all less than a mile away.
