HIGH-RISE APARTMENT PROJECT APPROVED
LOS ANGELES — The Los Angeles City Council has approved plans for The Vermont, a new high-rise apartment project that will be located at the corner of Wilshire Boulevard and Vermont Avenue in Los Angeles. This finals approval follow last week's unanimous approval from the Los Angeles Community Redevelopment Agency.
The Vermont will be developed by J.H. Snyder Co. on two acres. Construction will include two towers that will be 22 and 28 stories tall. The project will contain a total of 464 residents as well as 41,000 square feet of ground-floor retail space that will be occupied by restaurants, a grocer, a bank, a dry cleaners and a coffee house. Community amenities will include underground parking, a full-service concierge, lounge-style workspace, a swimming pool, a fitness center and a spa. The two buildings will surround a quarter-acre central courtyard, and the project will contain 12,000 square feet of public open space along Wilshire Boulevard.
Construction is expected to begin by the end of the year, and the building will be complete by 2013. The Vermont will be seeking LEED-Silver certification. As part of the project, J.H. Snyder will also be partnering with the community to construct 96 affordable housing units in Koreatown.
— Coleman Wood