SILVER LAKE — When the Silver Lake Conservatory of Music announced that it wanted to buy a developer’s property for a new school, things did not look too promising. School cofounder Michael Peter Balzary – aka Flea – of the Red Hot Chili Peppers denounced the developer’s plans to build a five-story apartment building on the site as “the beginning of the downfall of the neighborhood.” Developer Frost/Chaddock said the Sunset Junction property was not for sale. The two sides, however, eventually did begin talking but a final deal has not been reached.
The talks have continued as the developer has presented an updated overview of an environmental impact report that still includes the five-story apartment building planned for the property that the conservatory wants to buy. The apartment building at the southwest corner of Santa Monica Boulevard and Sanborn Avenue. and two others nearby would add more than 300 apartments to the area under Frost/Chaddock’s proposed Junction Gateway.
A spokesman for the developer said the proposed five-story building – the 4000 Sunset site – remained in the updated environmental report as a “back up” in case negotiations with the school fall through:
Our discussions with the Conservatory Board about selling them the 4000 Sunset site are ongoing, and nothing is finalized. However, the EIR for our project would include all 3 sites regardless, in case anything were to fall through before the sale was complete. In essence, it would be a back up plan so that we can keep our options open if something were to change.”
The school, which is currently housed in a Sunset Boulevard storefront a short walk from the Frost/Chaddock land, said it remains committed to purchasing the property. “The Conservatory is working hard to find a solution that will allow the school to fulfill its institutional mission, and discussions with Frost/Chaddock are continuing on the 4000 Sunset parcel,” said spokesman said Ari Bessendorf.
The public has until Dec. 14 to submit their comments on the updated environmental impact report.
- Conservatory and Property Owners Negotiating Price for Land. Los Feliz Ledger