Rendering: MVE + Partners
Two existing commercial buildings could make way for a six-story mixed-use development featuring 120 apartments and more than 5,000 square feet of ground-floor commercial space. Referred to as Asterix in the Los Angeles City Planning application, the project would feature a mix of studio, one-bedroom and two-bedroom floorplans and resort-inspired resident amenities.
Twelve of the units would be reserved for very low-income tenants in exchange for Tier 3 Transit Oriented Communities (TOC) incentives, including a density bonus and reduced parking and open space.
Two commercial spaces, measuring 1,983 and 3,152 square feet, would occupy the northwest corner of the site. Renderings depict Starbucks signage, suggesting that the existing Starbucks location at Fairfax and Olympic could be razed and built anew as part of the proposed development.
Rendering: MVE + Partners
Designed by MVE + Partners, the complex would include a welcoming lobby with a lounge area, leasing office and parcel room. The second floor would house an indoor clubroom and a lush courtyard with ample seating, fire tables, a barbecue counter, dining tables, and a swimming pool and spa surrounded by cabanas. A rooftop terrace would provide sweeping city views and a fireplace, comfortable furnishings, planters and a shade structure.
There are two subterranean levels, including resident parking, a bicycle storage area and wine storage room. Additional retail parking would be available at-grade. The developer is listed as Jacmar, LLC, a foodservice distribution company that has owned the property since the 1980s.
Future residents of Asterix would live within proximity to several grocery stores, delicious Ethiopian restaurants, rapid bus routes and community centers. Nearby attractions include LACMA, The Grove, and the La Brea Tar Pits and Museum.
