Broadway & Alma Site Slated for Rental Development
Westbank Corp. has filed their rezoning application for the 23,234 SF site at the Northwest corner of Broadway and Alma Street. The site at 3701-3743 West Broadway is currently zoned C-2 and is currently improved with an old strip retail property.
The rezoning proposal is for a 6-storey mixed-use project, which includes:
- 94 secured market rental units;
- 59 studios, 1 one-bedroom, 33 two-bedrooms, 1 three-bedroom
- 7,190 SF of retail space
- A total density of 3.15 FSR;
- A building height of 64 ft.; and
- 99 parking spaces.
This application is being considered under the Affordable Housing Choices Interim Rezoning Policy. The architect for this project is Henriquez Partners.
The site was acquired by Westbank in 2011 for $9,443,000 or $121 per buildable SF based upon the current rezoning application.