A developer tied to Holos Communities is looking to swap out a graffiti-tagged, fire-damaged commercial husk at 315 North Vermont Avenue for a 12-story, all-affordable apartment tower just north of the Vermont/Beverly Metro stop. The plan calls for 113 income-restricted units and ground-floor retail on a block wedged between Koreatown and East Hollywood, landing right in the middle of a countywide push to pack more housing near rail stations.
What's proposed
An application filed Thursday with the Los Angeles Department of City Planning seeks approval for a 100 percent affordable, state density-bonus project with 112 dwelling units plus one manager's unit, for a total of 113 homes, according to Los Angeles Department of City Planning records. The case, logged as EAR-2026-2196-AH-SPPC-HCA, was assigned to staff the day after it was submitted, a relatively quick handoff by city standards.
Design and site details
The project, dubbed Goody Square, is described as a roughly 130-foot, 12-story building with a mix of studios plus two- and three-bedroom apartments stacked over about 3,496 square feet of ground-floor commercial space, a rooftop amenity deck and no on-site parking, as reported by Urbanize LA. Lever Architecture is listed as the design firm, with Relm on landscape duties.
The property, which sold early last year for about $4 million, had previously been floated for a smaller 60-unit project. In the meantime, it has attracted graffiti and recently caught fire, making the proposed tower a major upgrade from its current burned-out role on the block.
Why it matters
The Holos-affiliated entity is pursuing approvals that tap state density tools and AB 2011 to flip commercially zoned land into housing, a move that is becoming increasingly common near transit hubs, The Real Deal reports. The strategy lines up with Metro's broader effort to cluster new housing around rail stations. Metro has set a goal of adding up to 10,000 homes near its properties by 2031 as part of a bid to boost both affordability and ridership, according to LA Metro.
Late-2024 counts show more than 110 projects in the Transit-Oriented Communities pipeline, representing thousands of units, underscoring how routine these commercial-to-residential conversions have become across the region.
Next steps
The PDIS listing names Cristian Ahumada of Hummingbird Sage, LP as the applicant and Jamie Poster of Craig Lawson & Co., LLC as the project representative, and notes that the case is currently under review by city planning staff, according to Los Angeles Department of City Planning. If the proposal satisfies density-bonus and AB 2011 rules, it could move through a ministerial review process. Any discretionary steps, however, would trigger public notices and hearings.
Holos' recent RFP work along the Vermont/Beverly corridor indicates the group is actively shaping development around the station area, according to Holos Communities.
