Amoroso Companies is bulking up a planned multifamily project in Carthay.
The Agoura Hills-based firm is now looking to build a 114-unit apartment building at 1056 S. La Cienaga Boulevard, which would be 24 more than previously requested.
The company is seeking the additional units to build on the 35,000-square-foot property by take advantage of the city’s the Transit Oriented Communities program.
The TOC program provides density bonuses and other incentives for market-rate residential projects that include affordable housing units near transit. Amoroso would set aside 12 units for “extremely low income” renters at the Carthay development, up from the eight units it proposed as affordable in the original 2017 project filing.
Amoroso has been in L.A. over the past year, with three residential projects of around 100 units all in the works.
In December, it proposed a 102-unit development in West L.A., and is also building a 100-unit complex about a half-mile from that project.
In May, the company filed for a 123-unit apartment building on West Pico Boulevard in Mid-City.
The upsized version of the Carthay project would still be a seven-story development. While the original plan called for 10,000 square feet of open space as part of the complex, according to Urbanize, the latest filing does not specify whether that has changed. Amoroso does not appear to be requesting a reduction in required open space, which is one incentive available through the TOC program.
Source: The Real Deal Los Angeles