DTLA – Yet another big project is being planned for Chinatown. Last week, documents were filed for a 27-story residential tower at 942 N. Broadway.
The high-rise would have 178 units (5% set aside as very low income housing), plus 36,805 square feet of commercial space. The site in the heart of the community currently holds a one-story commercial building, which would have to be razed. The project applicant is listed as Rick Ilich, president of the Vancouver-based development company Townline.
No timeline or budget have been announced. It’s the second high-rise to be proposed for the core of Chinatown in recent months, following a 26-story project at 643 N. Spring St. from the French investment firm Compagnie de Phalsbourg.