06/23/2020

California Realtors Eye a Mixed-use Facelift for Headquarters

The organization aims to replace its headquarters with mixed housing options

Quite soon, the Los Angeles headquarters of the California Association of Realtors (CAR) could be doing a lot more than simply serving as the organization’s home base.

It could be the starting point for affordable housing in its local neighborhood.

The Real Deal recently reported that CAR has filed papers with the Los Angeles City Planning Commission to tear down its current 56,000-square-foot headquarters and replace it with a mixed-use space that will integrate both commercial and residential development, including condos and apartments. The association is applying for a density bonus, one of the city's Transit Oriented Communities incentives, that it says would allow it to offer more housing below market rates.

Please select this link to read the complete article from Associations Now.