Construction of a 78 unit, six-story apartment building is underway at Wilshire and Barrington Avenue in West Los Angeles, one of the area’s major intersections.
The property, formerly anchored by a liquor store and shoe store, was one of the most underutilized sites in West Los Angeles, said Ken Kahan, president of California Landmark, the Los Angeles company building the $35-million complex.
The apartment building called the bw replaces the previous plan for the site, a 28-story condominium building approved in 2004. Condo values and sales fell in the economic downturn, however.
“A high-rise condominium tower does not work in today’s market,” Kahan said.
Set to open in August 2013, the bw will have 78 units expected to rent for $2,200 to $4,000 a month. The design by Los Angeles-based PK Architecture calls for a rooftop garden, modernist lobby and a gym.