A year after purchasing a former Hawaiian restaurant near the Expo Line, the Amoroso Companies is moving forward with plans to redevelop the property as a multifamily residential complex.
The property, located at the corner of Pico and Exposition Boulevards, is currently known as the Fantasy Island strip club – made visible to passersby by its three-story imitation lighthouse. Plans filed earlier this week with the City of Los Angeles call for razing the building to clear the way for a six-story development that would feature 102 apartments – including 11 set aside for extremely low-income households – above two levels of subterranean parking.
The project is being entitled with Transit Oriented Communities incentives, which allow applicants to exceed zoning restrictions if a development includes affordable housing. The proposed apartment building at 11434 W. Pico Boulevard comes with requests for reductions to required side- and rear- yards and a height increase.
Next door to the development site, a five-story, 129-unit apartment complex is planned to replace a strip mall.
The project’s case filing does not offer other details on the proposed development.
The Amoroso Companies has shown itself to be particularly fond of building apartments along Pico Boulevard in recent years. The Calabasas-based firm is currently in the midst of construction on a five-story, 100-unit development a few blocks west, and is planning a seven-story, 123-unit building on Pico in the Mid-City area.
Source: Urbanize LA