ClientTaylor Equities, LLC
StatusOn the boards
5101 W Pico is our first project with developer Taylor Equities in collaboration with Local Development LLC. 5101 Pico politely makes the transition from an adjacent residentially zoned and diverse neighborhood into a 140,000 SF denser housing model on a 32,000 SF full block lot in a commercially zoned transit corridor.
Expected to break ground in late 2024, the development replaces a long-standing neighborhood that struggled with a poorly managed liquor store that has had frequent melees and shootings. With its proximity to mass transit and the restriction of 13 of its 136 dwelling units for extremely- low incomes, 5101 Pico utilizes local T.O.C. policy incentives for additional density, reduced parking, and side yards.