Metro and Los Angeles County staff are proposing to enter a six-month negotiating period with the developer Watt Companies to build 492 residential units and about 47,500 square feet of community-serving space on two parcels at the intersection of Exposition and Crenshaw Boulevards. The development — which includes commercial and retail units — is literally steps away from stations for the Expo Line and the future Crenshaw/LAX Line, which is scheduled to open in fall 2019. Here’s the staff report.
Under the proposal, 73 (or 15 percent) of the 492 residential units, will be affordable units for households earning 50 percent or less of the area median income. The community-serving space is envisioned to include a grocery store and restaurant space targeted for locally-owned and operated businesses. A business incubator-type space would be part of the development, as well as a mobility hub to provide bicycle and carshare connections for Metro riders.
The proposal also includes nearly three acres of public open space that will also host community events. During the six-month period, Watt Companies will offer opportunities to the community to provide feedback on the proposed project. Watt will also seek out a community-based organization who can add additional local participation on their team.
SouthLA 
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