Terra Capital Breaks Ground on 58-Unit Affordable Complex in East Hollywood

• Terra Capital is building a five-story, 58-unit affordable housing complex at 1740 N. Wilton Place in East Hollywood, with completion targeted for late 2027.
• The project sits on an 11,019-square-foot site and mixes low-, very low-, and moderate-income apartments; no on-site parking.
• Metropolis Architecture is designing the building, which wraps a central courtyard in a U-shaped footprint.
• Managing Director Lindon Shiao has been buying on Wilton Place since 2019 and is now converting that land position into permitted construction.

Terra Capital Puts 58 Affordable Units Under Construction Two Blocks from the B Line

Terra Capital is under construction at 1740 N. Wilton Place, a five-story affordable housing building a few blocks northwest of the B Line's Hollywood/Western Station in East Hollywood. The Pasadena-based firm received permits from the Los Angeles Department of Building and Safety for the project, which will deliver 58 apartments across roughly 11,019 square feet of land with no on-site parking.

The Department of City Planning has approved a mix of low-, very low-, and moderate-income units at the site. Metropolis Architecture is designing the building in a U-shaped footprint that wraps a central courtyard, depicted in renderings as a contemporary podium-type structure meant to bring natural light into the interior.

Terra Capital's own project page lists a completion target of late 2027.

Shiao Has Been Building on Wilton Place Since 2019

Managing Director Lindon Shiao first scouted properties on Wilton Place in 2019, drawn to the street's character. The firm eventually acquired two properties along that block and used Mayor Karen Bass' Executive Directive 1 process, which fast-tracks 100 percent affordable projects through city approvals, to advance both sites.

The 1740 N. Wilton Place project is one of several infill developments Terra Capital has in various stages across Los Angeles. The firm filed plans in April 2026 for a 44-unit, eight-story building at 1233 South Bedford Street in Pico-Robertson, acquiring that site from Hestia Housing in November 2025 for $1.75 million. A 69-unit, seven-story project has also been proposed at 837 S. Kingsley Drive in Koreatown, designed by Kevin Tsai Architecture.

Affordable Delivery Is the Hard Part in LA Right Now

Terra Capital is among a small group of ED1 developers actually delivering permitted projects. City data shows that as of early 2026, only about 23 percent of the 32,838 units approved under ED1 since 2022 had secured building permits, with financing costs and construction economics slowing the pipeline between approval and groundbreaking. Getting to the permit stage, as Terra Capital has at Wilton Place, puts a project in the minority.

The Franklin Village neighborhood, where the building sits, has seen primarily market-rate multifamily rise along Hollywood Boulevard to the south in recent years. A 35-story supportive housing development recently broke ground near the 101 Freeway in the broader Hollywood area, adding to the affordable pipeline nearby.

What's Next

Terra Capital is targeting a late 2027 delivery at 1740 N. Wilton Place. The Pico-Robertson project at 1233 South Bedford is in entitlements.