Mixed-Use Project Rose on Pico Boulevard
Construction has begun on a new six-story building featuring residential units and retail space in Los Angeles.
Updated on Oct. 13, 2026 in Construction
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Developers have initiated wood framing for a new six-story mixed-use building located at 5843 W. Pico Boulevard. The project replaces a former Walgreens site with a structure featuring ground-floor retail and basement parking.
Why it matters
The development utilizes Transit Oriented Communities incentives to expand local housing stock. It incorporates five units explicitly designated for extremely low-income households.
The six-story structure will house 48 apartments, with five units set aside for extremely low-income affordable housing. The project includes one floor of ground-level retail space and subterranean parking.
The players
Giltner Realty Advisors
This real estate firm serves as the developer for the project at 5843 W. Pico Boulevard.
Scales Lab Architects
This architecture firm provided the design specifications for the six-story mixed-use development.
The details
Designed by Scales Lab Architects for developer Giltner Realty Advisors, the project replaces a site previously occupied by a Walgreens. The construction work near the intersection of Pico Boulevard and Fairfax Avenue involves development incentives provided by the city's Transit Oriented Communities program.
Timeline
Wood framing for the project was rising in October 2026.
Market Landscape
This project follows the density guidelines set by the Transit Oriented Communities program. It reflects a broader trend of densifying urban corridors in Los Angeles to address housing demand.
Local residents will see the replacement of a vacant retail site with new apartment availability and ground-floor commercial space. The inclusion of affordable housing units provides housing access for low-income earners in the Fairfax Avenue area.
The takeaway
Urban infill projects are increasingly utilizing incentives to maximize housing capacity on sites previously occupied by single-story commercial properties. These developments are key to reshaping neighborhood density near major city thoroughfares.
Further reading
For more information on similar developments, visit the Construction section.
Source note: This article includes information reported by Urbanize LA.
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