Chinatown LA: Chinatown Mega-Project Being Considered
Downtown-based Evoq Properties, best known for owning Alameda Square, is eyeing a mega-project in Chinatown.
The developer has proposed two options for three parcels adjacent to the Chinatown Gold Line stop, according to documents filed with the City Planning Department.
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One plan for the project dubbed College Station, at 924 N. Spring St., calls for two towers, up to 20 stories, with 500 residential units and approximately 19,800 square feet of ground-floor retail space on the first parcel. The second plot would hold 100 affordable senior housing units spread across multiple four-story buildings and a 20,000-square-foot market, and the final parcel would have an eight-story building with 80 live-work lofts. The development would include 1,054 parking spaces.
The second plan cuts back development on the first parcel, creating 339 residential units and 7,500 square feet of ground-floor retail space spread across multiple five-story buildings. The second and third parcels would be the same as in the first plan, but total parking would be reduced to 851 spaces.
The architect is Santa Monica-based Van Tilburg Banvard Soderbergh. No budgets or timelines have been revealed.
In February, Evoq announced that its board of directors was pursuing a potential sale of the company or a partnership with other investors.