Los Angeles-based developer Massachi Industries has secured a significant $48-million construction loan from Bank of America, marking a key milestone for a proposed mixed-use project in West Hollywood. The financing clears a path for the construction of a substantial seven-story residential building located at 8025 Santa Monica Boulevard.
Project Scope and Design
The development is slated for a corner lot and is designed to provide 115 studio, one-, and two-bedroom apartments. In addition to the residential units, the building will offer 3,909 square feet of ground-floor commercial space, intended to activate the streetscape. The plans also account for vehicle storage, with parking for 115 vehicles accommodated at-grade and across two subterranean levels.
Renderings of the project, which utilized entitlement design services from OfficeUntitled, depict a contemporary podium-style structure. Planned amenities include an interior courtyard, a pool deck, and rooftop terrace areas. While OfficeUntitled provided the entitlement design, the firm is not the architect of record for the development.
Affordability and Regional Context
Under the terms of the project’s approvals, the developer is required to set aside 16 of the 115 units as affordable housing. This project is part of a broader trend of activity for Massachi, led by Alex Massachi, who has been increasingly involved in the neighboring Hollywood community. Recent developments by the firm include a 24-unit building near the intersection of Santa Monica Boulevard and Orange Drive, as well as a proposed project situated adjacent to the Laugh Factory on Sunset Boulevard.
Looking Ahead
With the $48-million construction loan now in place, Massachi Industries is likely to move toward the commencement of site work. Given the scale of the 115-unit development, the project could serve as a significant addition to the West Hollywood residential inventory once completed. A possible next step for the firm will be finalizing the appointment of an architect of record and transitioning from the entitlement phase to full-scale construction. Observers may watch to see how the inclusion of the 16 affordable units integrates into the final construction timeline and the broader market impact of this high-density development on the Santa Monica Boulevard corridor.
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