🏆 The largest new development to score permits last week was in Woodland Hills, where plans were filed to build a 300,020-square-foot building at 5909 North Variel Avenue. The $32 million project will have 316 units and stand seven stories tall. It is described as a 100% affordable housing apartment. The developer is listed as “5909 Variel, LP” with Elysian Housing and Capstone Equities as sponsors for the project, per city documents. Job Filing Number: 25010-10000-04147 📊 In Koreatown, permits were issued for a 53,932-square-foot structure at 708 South Gramercy Drive. The seven-story $11.7 million project will house 101 affordable […]
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