Aqua Vista Builders' Ryan Sassounian Seeks Approval for 89-unit Affordable Housing Development in Studio City

Ryan Sassounian, affiliated with Aqua Vista Builders, LLC, is the driving force behind the development plans for the property situated at 11031-11035 W. Aqua Vista Street. Currently under review via the Mayor's Executive Directive 1, the proposal envisions the creation of a modern five-story edifice. This upcoming structure is set to house a total of 89 residential units, comprising studios, one-bedroom, and two-bedroom apartments. Remarkably, the project diverges from the conventional norm by opting not to include on-site parking facilities. Residences in this development will be dedicated to rental offerings for low- and moderate-income families, aligning with the eligibility criteria for density bonus rewards.

Exploring Innovative Designs

Embarking on a vision of modernity, the forthcoming development by Kevin Tsai Architecture presents a contemporary podium-style structure in Studio City. Amidst a scarcity of new affordable housing projects in this area, Aqua Vista's proposal stands out. This venture follows in the footsteps of a previous 51-unit affordable housing initiative at 12750 W. Moorpark Street, which secured approvals last year.