NEWS & PRESS
NEWS & PRESS
Some version of automated parking in new developments is going to be integral to both creating density in L.A. and complying with the city’s parking requirements, as they slowly evolve. Automated parking is growing in popularity, but is still seeing slow adoption from real estate owners and developers. That is likely because there is little known about automated parking systems, both functionally and financially. Markwood Enterprises, an L.A. developer, has used fully automated parking systems in prior developments, but recently implemented semi-automated parking systems in two density-bonus developments, Dunsmuir Row in Mid-Wilshire and Elmwood Row in Larchmont.
“Fully automated parking comes with a pretty price, and that price needs to be amortized over a significant amount of units or a very luxurious, expensive project. The price needs to be absorbed somehow,” Simon M. Aftalion, development director at Markwood, tells GlobeSt.com. “When you have smaller buildings, a fully automated system, which is the most efficient system in this realm of automated parking, doesn’t work. The Row projects are in a medium-density zone utilizing a density bonus, and packing on enough density to make one site pencil with 12 to 15 units. If we could evolve a plan set that really works, we can use that plan set again and again. The question was: how do we park them?”
Markwood Enterprises is underway on two multifamily projects in Larchmont and Mid-Wilshire.
The Beverly Hills-based firm broke ground on the Dunsmuir Row project at 1233 S. Dunsmuir Avenue and on the Elmwood Row project at 4807 Elmwood Avenue. Dunsmuir Row will have 14 units, while Elmwood Row will include 13, according to Urbanize.
Both projects will have a mix of townhomes, studio, one-, and two-bedroom units. One unit in each building will be set aside as affordable. They’ll also both feature a CityLift automated parking system, which is designed to maximize parking space.
R&A Architecture + Design, a firm out of Culver City, designed the two projects. R&A also designed AvalonBay Communities’ 475-unit projectin the Arts District, and a mixed-use project by Faring in West Hollywood. [Urbanize] — Dennis Lynch
Beverly Hills-based developer Markwood Enterprises has started construction on two multifamily residential buildings in the Larchmont and Mid-Wilshire neighborhoods.
Dunsmuir Row, a four-story building at 1233 S. Dunsmuir Avenue, will feature 14 residential units in addition to a rooftop amenity deck. Plans call for a mix of townhomes, studio, one-, and two-bedroom apartments – including one unit of affordable housing.
The second project – called Elmwood Row – is located at 4807 Elmwood Avenue. The four-story edifice will feature an additional 13 apartments – including townhomes, studios, one-, and two-bedroom units – of which one will be set aside as affordable housing.
The two developments will each feature semi-automated parking systems, according to CityLift Parking, with a mechanical system that “maneuvers vehicles in and out of a puzzle-like configuration, akin to a game of Tetris.” Average retrieval time is 33 seconds.
Both projects are being designed by R&A Architecture + Design.