Pacific Coast Developers has received approval for their plans to construct a new 5-story, 80-unit apartment building at 4567 Lincoln Blvd in Venice. This approval marks a significant step forward for the project, which is poised to add much-needed housing density to the bustling Venice neighborhood. The development, with an estimated value of $32 million, has navigated the city's rigorous planning process and is now cleared for commencement.
The approved design features a contemporary aesthetic, blending seamlessly with Venice's eclectic architectural landscape while offering modern amenities. In addition to the 80 residential units, the ground floor will incorporate commercial space, intended to host local businesses and further activate the street front along Lincoln Boulevard. This mixed-use approach is a hallmark of sustainable urban development, fostering a vibrant community where residents can live, work, and shop within close proximity.
Key features of the development include two levels of subterranean parking, addressing the critical parking challenges in the area, and a communal rooftop deck. The rooftop amenity is designed to provide residents with outdoor recreation space and panoramic views, enhancing the quality of life for future inhabitants. With permits now in hand, Pacific Coast Developers is expected to break ground in the coming months, bringing a substantial new housing option to the highly sought-after Venice market.
