Last month Metro’s Board of Directors approved revising a joint development agreement with a developer and MacArthur Park Metro, LLC, to complete Phase B of their two part project in Westlake. Phase A of the project has already put 89 affordable units on a plot just across from the new phase’s location. Phase B will build 81 affordable apartments and up to 12,000 square feet of retail on the 1.8 acres above the Westlake/MacArthur park subway station. According to The Source the previous agreement had expired in 2013 with the project being $5 million over budget. To accommodate , . Phase B of the project the existing north portal to the subway station will be closed down and replaced with a new one on the southeast corner of the project fronting on Westlake Avenue. The south portal to the subway will continue to remain open. This comes at a great time for Westlake since the neighborhood has been reviving many of its old hotels and theaters. You can see more about the new buildings about to hit Westlake here.
By Torrey Felber, Marketing Director at Town Square Real Estate
[email protected]
858-829-5054
