Big, 411-Unit Chinatown Mixed-Use Project Planned For Hill Street Parking Lot
The development company announced it has filed plans with the city to build an eight-story, 366K SF mixed-use project with 411 apartments, about 17K SF of retail space, and a 314-space underground parking lot. The project is among the largest planned for Chinatown by unit count, The Real Deal notes, with the largest being Atlas Capital’s 725-unit College Station.
The neighborhood has been facing increased investor attention over the past few years, as neighboring Downtown continued to grow its stock of new market-rate residential developments and amenities like bars and restaurants.
Investment interest stems from both local developers, like Redcar Properties and Tom Gilmore, and international ones. Canadian developer Townline and Forme Development are planning a 25-story, 178-unit apartment tower, dubbed Harmony, on Broadway.
Renderings for TRJLA’s AC Martin-designed mixed-use project show street-level retail space and wide sidewalks along Hill Street. Rather than one uniform facade, renderings indicate the building’s Hill Street face has a cut-out that will create interior space for a plaza and interior courtyard.
The project might also include affordable housing, according to TRJLA Chief Financial Officer Joseph Chang, who said in a statement that the company was “evaluating strategic alternatives to develop the project." The site is eligible for the city’s Transit Oriented Communities program, which allows for larger development projects near public transit if affordable units are included.
“We are optimistic about Chinatown's outlook and excited to contribute towards its revitalization with a bold project for living, shopping, and dining,” TRJLA CEO Kevin Chen said in a statement.