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Pan Am Equities Proposes 419-unit MF Along L.A. River
New York-based Pan Am Equities proposed Casitas Lofts, a 419-unit apartment development along the Los Angeles River between downtown and Griffith Park. The seven-acre parcel on the river’s east side, bordering Glassell Park and Atwater Village, would also include 22,000 square feet of offices and restaurants.
It would be the riverfront’s first major development, and could serve as a gateway to the new Bowtie State Park. Proponents see the project as a catalyst to revitalize that stretch of the river, as the industrial site would be transformed.
The project faces challenges as it moves through the review process. Opponents say the development would disrupt habitat restoration efforts, trigger gentrification, erode the area’s appeal and could block access to the 18-acre Bowtie parcel.
The project is planned for five-story buildings and a 42,000-square-foot rooftop urban farm atop the seven-story garage. The developer envisions construction commencing within two years.
*Rendering courtesy Rios Clementi Hale Studios
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