Posted Jun 30, 2022, 12:44 PM
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Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 19,397
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Update - Downtown Adj., North Temple TRAX Corridor - The Mixed-Use SPARK Apts. Moving Forward - By Brinshore Development
Brinshore’s Weller predicts that SPARK! will secure permits and start construction by the end of the year. A 24-month building process is anticipated.
When asked about Brinshore’s other Salt Lake multi-family, mixed-income project at 255 S State, Weller reported that it is “on schedule with the South Tower expected to be completed by September and the North Tower by December.”
We also inquired how the new financing climate might impact affordable housing.
Weller shared her insights on the new borrowing conditions facing developers, as interest rates rise.
“While the financial climate is challenging, public sources of funding and public-private partnerships continue to support the development of affordable housing,” Weller wrote in an email. With rising interest rates, the “gap in project financing that needs to be filled with other sources such as HOME funds and philanthropic contributions.”
Quote:
Originally Posted by blah_amazing
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Updated June 20, 2022 - Facts :
- Density: 86 du/ac
- Unit Plan Sizes: 500 - 1,200 sq. ft.
- Number of Units: 200 du
- Site Area: 2.3 ac
- Retail: 14,000 sq. ft.
- Number of Stories: 6
- Parking: 100 spaces, 1st floor parkiing structure
- On the building’s west side along Cornell, site plans show 5700 sf for a ...daycare facility.
- Construction Type: III
Whitney Weller, Senior VP at Brinshore, told us that they “in conversations with Neighborhood House for the child care space,” adding that they are “also speaking with other non profit organizations as well as food focused enterprises that would complement the residential community.”
SPARK! Provides high density mixed-income, workforce housing with 50 percent of its units designated affordable. The color, materiality, and texture of SPARK! takes its cues from the industrial and durable materials of the adjacent power plant including brick, steel, and metal panel nodding to the past in a clean modern format. The weathered timeless look of Coreten steel and dark charcoal brick at the base are offset by light metal paneling with bright colored accents on the higher massings, which is softened by lushly landscaped terraces and roof gardens that are home to bee hives, providing fresh vegetables and honey to the residents. The community fronts Temple Street and the transit station with a small urban plaza and street-facing retail, which opens to a courtyard shared by tenants and customers alike. Open space along the ground floor on the north side of the community is reserved for bike trails and edible gardens that include fruit-bearing trees, rosemary, sage and lavender. Providing residents and the public a place to stop and soak in the aromas of the garden and deepening the connection between the established and the new. The units on the upper floors are arranged in a large “U” shape surrounding a private residential courtyard and numerous roof terraces. SPARK!’s building composition reflects the varied uses of daycare, retail and housing. Each function is expressed in a clear building massing and highlighted by a change in materials. This new community, immediately adjacent to TRAX transit station, with ground floor childcare and grab and go retail, caters to the young family and commuting professionals.
State of Property before demolition. Example of what was the past development setup of much of the north temple corridor
before the advent of light rail from downtown to the airport. This transit corridor is now redeveloping at a breakneck pace.
September 28, 2021
Site Prep & / Demolition
Photo By RC14
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Last edited by delts145; Mar 1, 2023 at 9:28 PM.
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