april 2016 - expo/crenshaw opportunity site profile - crenshaw

2
0 500 1000 FT FT SITE A SITE B EXPOSITION BLVD CRENSHAW BLVD W 36TH ST RODEO RD W JEFFERSON BLVD W 36TH ST COLISEUM ST DEGNAN BLVD EXPOSITION PL S NORTON AVE GRAYBURN AVE EDGEHILL DR S VICTORIA AVE SOMERSET DR EDGEHILL DR S NORTON AVE S BRONSON AVE 12TH AVE S VICTORIA AVE SOMERSET DR WELLINGTON RD VIRGINIA RD W JEFFERSON BLVD CRENSHAW BLVD EXPOSITION BLVD RODEO RD EXPO LINE PLATFORM - E/B EXPO LINE PLATFORM - W/B Expo Line METRO RAIL LINES Crenshaw/LAX Line R Single Family Residential ZONING R Multifamily Residential C Limited Commercial C Commercial Station Entrance Knock Out Panel Expo Line Platform M Limited Industrial Zone Metro Owned County Owned Station Location M P Metro Parking STATION KEY 10 405 110 105 LAX MORNINGSIDE PARK HAWTHORNE INGLEWOOD CULVER CITY LADERA HEIGHTS BALDWIN HILLS MID-CITY WESTMONT LOS ANGELES Expo/Crenshaw Fairview Heights Martin Luther King Jr Leimert Park Hyde Park Downtown Inglewood Westchester/Veterans Aviation/Century Aviation/LAX SITE A SITE B SITE C USC Crenshaw/LAX Transit Project | Joint Development Opportunity Site Profile The Expo/Crenshaw Joint Development Opportunity Sites are located at the north end of the under- construction 8.5-mile Crenshaw/LAX Transit Project. The opportunity sites will accommodate transit-oriented development compatible with the community while facilitating transfers from the new Crenshaw/LAX Line (underground station) to the existing Expo Line (above ground station), connecting South Los Angeles with LAX, USC, Downtown Los Angeles, Culver City, West LA, and Santa Monica. The two transit lines, once completed, will serve a significant regional ridership. Site A is the current location of a Los Angeles County Probation Department facility which the County plans to relocate to re-purpose the site for transit-oriented development. Site B is currently a construction staging ground for the Crenshaw/LAX Transit Project with development potential following completion of construction. The Station is also proposed to accommodate a 110-space park-and- ride facility. Station Area Description Crenshaw/LAX Transit Project 1 1 2 2 Single and multifamily residences establish the character of much of the surrounding context. R R R R R R C C C C West Angeles Cathedral District Square (Under Development) Joint Development Opportunity Site A Joint Development Opportunity Site B Station Area Site Photographs R R M SITE A SITE B P M P EXPO/CRENSHAW STATION 5 - 10 MINUTE WALK 5 - 10 MINUTE WALK

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Page 1: April 2016 - Expo/Crenshaw Opportunity Site Profile - Crenshaw

0 500 1000 FT FT

SITE A

SITE B

EXPOSITION BLVD

CR

ENSH

AW

BLV

D

W 36TH ST

RODEO RD

W JEFFERSON BLVD

W 36TH ST

COLISEUM ST

DEG

NA

N B

LVD

EXPOSITION PL

S NO

RTO

N A

VE

GR

AYB

UR

N A

VE

EDG

EHILL D

R

S VIC

TOR

IA A

VE

SOM

ERSET D

R

EDG

EHILL D

R

S NO

RTO

N A

VE

S BR

ON

SON

AV

E

12TH A

VE

S VIC

TOR

IA A

VE

SOM

ERSET D

R

WELLIN

GTO

N R

D

VIR

GIN

IA R

D

W JEFFERSON BLVD

COLISEUM ST

CR

ENSH

AW

BLV

D

EXPOSITION BLVD

RODEO RD

EXPO LINE PLATFORM - E/B

EXPO LINE PLATFORM - W/B

Expo Line

METRO RAIL LINES

Crenshaw/LAX Line

R Single Family Residential

ZONING

R Multifamily Residential

C Limited Commercial

C Commercial

Station Entrance

Knock Out Panel

Expo Line Platform

M Limited Industrial Zone

Metro Owned

County Owned

Station LocationM

P Metro Parking

STATION KEY

10

405110

105

101

90

LAX

MORNINGSIDEPARK

EL SEGUNDO GARDENA

HAWTHORNE

INGLEWOOD

CULVER CITY

LADERAHEIGHTS

WESTCHESTER

BALDWINHILLS

MID-CITY

BEVERLYHILLS

PARKLA BREA

HANCOCKPARK

KOREATOWN

WILSHIRECENTER

WESTMONT

LOS ANGELES

Expo/Crenshaw

Fairview Heights

Martin Luther King Jr

Leimert Park

Hyde Park

Downtown Inglewood

Westchester/Veterans

Aviation/Century

Aviation/LAX

SITE ASITE B

SITE C

USC

Crenshaw/LAX Transit Project | Joint Development Opportunity Site Profile

The Expo/Crenshaw Joint Development Opportunity Sites are located at the north end of the under-construction 8.5-mile Crenshaw/LAX Transit Project. The opportunity sites will accommodate transit-oriented development compatible with the community while facilitating transfers from the new Crenshaw/LAX Line (underground station) to the existing Expo Line (above ground station), connecting South Los Angeles with LAX, USC, Downtown Los Angeles, Culver City, West LA, and Santa Monica. The two transit lines, once completed, will serve a significant regional ridership.

Site A is the current location of a Los Angeles County Probation Department facility which the County plans to relocate to re-purpose the site for transit-oriented development. Site B is currently a construction staging ground for the Crenshaw/LAX Transit Project with development potential following completion of construction. The Station is also proposed to accommodate a 110-space park-and-ride facility.

Station Area Description

Crenshaw/LAX Transit Project

1

1

2

2

Single and multifamily residences establish the character of much of the surrounding context.

R

R

RR

R

RCC

C

C

West Angeles Cathedral District Square(Under Development)

Joint Development Opportunity Site A

Joint Development Opportunity Site B

Station Area Site Photographs

R

R

M

SITE ASITE B

P

M

P

EXPO/CRENSHAW STATION

5 - 10 MINUTE WALK5 - 10 MINUTE WALK

Page 2: April 2016 - Expo/Crenshaw Opportunity Site Profile - Crenshaw

Expo/CrenshawHalf-Mile Station Area

Station AreaSub-Market*

POPULATION (2015)HOUSEHOLDS (2015)AVERAGE HOUSEHOLD SIZE (2015)MEDIAN HOUSEHOLD INCOME (2015)HOUSING UNITS (2015) Owner-Occupied Renter-OccupiedAGE (2015) 0-19 Years 20-64 Years 65+ YearsEMPLOYMENT (2013) Total JobsTOP 3 INDUSTRY SECTORS

7,0762,6872.61

$38,725

47%53%

24%59%17%

3,435

16%ACCOMMODATION

AND FOOD SERVICES

13%RETAIL TRADE

12%MANUFACTURING

83,93331,8662.62

$36,347

36%64%

26%60%15%

12,161

30%HEALTH CARE AND

SOCIAL ASSISTANCE

16%EDUCATIONAL SERVICES

15%RETAIL TRADE

3,887,1151,350,253

2.81$47,807

38%62%

25%63%12%

1,692,165

16%HEALTH CARE AND

SOCIAL ASSISTANCE

9%RETAIL TRADE

9%ACCOMMODATION

AND FOOD SERVICES

City ofLos Angeles

DEMOGRAPHIC AND SOCIOECONOMIC SNAPSHOT

Expo/CrenshawHalf-Mile Station Area

Station AreaSub-Market*

RETAIL Inventory Vacancy Average Monthly RentOFFICE Inventory Vacancy Average Monthly RentRESIDENTIAL Single-Family Units (2013) Multi-Family (Condo) Units (2013) Median Single-Family Sale Price Median Multi-Family (Condo) Sale Price Avg. Monthly 2-Bedroom Rent (2016)

400,000 sq. ft.

100,000 sq. ft.

2,0651,019

3.2 million sq. ft.3%

$1.93 per sq. ft.

800,000 sq. ft.16%

$1.59 per sq. ft.

16,91918,066

$488,000$336,000

$1,295

92.6 million sq. ft.4%

$2.88 per sq. ft.

150 million sq. ft.12%

$2.77 per sq. ft

636,818775,947

$644,000$604,000

$2,067

City ofLos Angeles

REAL ESTATE MARKET SNAPSHOT(2015, unless otherwise noted)

Sources: US Census, ESRI, LEHD, CoStar, REIS*Expo/Crenshaw Station will draw from an area bound by La Brea Ave. to the west, I-10 to the north, Arlington Ave. to the east, and Slauson Ave. to the south.

10

405

105

101

90

1

LAX

MORNINGSIDEPARK

EL SEGUNDO GARDENA

HAWTHORNE

INGLEWOOD

CULVER CITY

LADERAHEIGHTS

WESTCHESTER

BALDWINHILLS

MID-CITY

BEVERLYHILLS

PARKLA BREA

HANCOCKPARK

KOREATOWN

WILSHIRECENTER

WESTMONT

LOS ANGELES

110

Expo/Crenshaw Station

Fairview Heights Station

Martin Luther King Jr Station

Leimert Park Station

Hyde Park Station

Downtown/Inglewood Station

Westchester/Veterans Station

Aviation/Century Station

Aviation/LAX Station

SITE ASITE B

USC

Expo Line At-Grade Platform

Expo Line At-Grade Platform

50-foot setbackwith maximum30-foot height

adjacent toResidential

Allowable 75-foot height**82.5-foot height (10% increase)

with Director’s Adjustment

Crenshaw/LAX LineBelow-Grade Station

Allowable 75-foot height*

CRENSHAW BLVD

RODEO RD

S VICTORIA AVE

SOMERSET DR

RODEO RD

W EXPOSITION PL

W EXPOSITION BLVD

W EXPOSITION BLVD

S BRONSON AVE

TO METRO

PARKING

*82.5-foot height (10% increase)with Planning Director’s Adjustment

Expo Line

METRO RAIL LINES

Crenshaw/LAX Line

Station Entrance

Knock Out Panel

Expo Line Platform

Station Plaza Footprint

Station LocationM

STATION KEY

West Angeles Cathedral1

SITE KEY

District Square(Under Construction)2

P Metro Parking

Crenshaw/LAX Transit Project | Joint Development Opportunity Site Profile

MUNICIPALITY City of Los Angeles

COMMUNITY PLAN AREA West Adams - Baldwin Hills - Leimert

SPECIFIC PLAN AREA Crenshaw Corridor

ALLOWABLE USES Commercial (restaurant, office, etc)

Residential (multi-family)

CITY COUNCIL Herb Wesson (District 10)

COUNTY SUPERVISOR Mark Ridley-Thomas (District 2)

STATE ASSEMBLY Sebastian Ridley-Thomas (District 54)

STATE SENATE Holly Mitchell (District 30)

PROPERTY OWNER Metro

ZONING C2-2D-SP

SITE AREA ±76,746 Square Feet (SF)

MAX 2:1 FAR* ±153,492 SF Building

MAX 3:1 FAR** ±230,238 SF Mixed-Use Building

MAX HEIGHT 75 Feet

Site B At-A-Glance

PROPERTY OWNER Los Angeles County

ZONING C2-2D-SP

SITE AREA ±72,309 Square Feet (SF)

MAX 2:1 FAR* ±144,618 SF Building

MAX 3:1 FAR** ±216,927 SF Mixed-Use Building

MAX HEIGHT 75 Feet

Site A At-A-Glance

Allowable Buildable Area Diagram (Draft Crenshaw Corridor Specific Plan)

Station Area At-A-Glance

Community Snapshot

SITE

A

SITE

BSI

TE A

SITE

B

Stay in Touch

Nick Saponara Project Director 213.922.4313 [email protected]

*Floor area ratio (FAR) is the total square feet of a building divided by the total square feet of the lot the building is located on.**With the use of subterrean parking, up to 4:1 FAR is allowed.

1

2

M

P

Community Snapshot Area Map

Expo/CrenshawHalf-Mile Station Area

Station AreaSub-Market

John Kaliski Architectswww.johnkaliski.com

For additional information regarding theproject, please visit the website: metro.net/projects/jd-crenshawlax/

DISCLAIMERAllowable building parameters are per Draft Amended Crenshaw Corridor Specific Plan which is pending City Council adoption.

EXPO/CRENSHAW STATION