The development's applicant need to receive approval from the Los Angeles City Council of both the Vesting Tract Map and the changes of zoning to 'Specific Plan' zoning in order to build out Ponte Vista as the applicant has applied to do.
The disapproval of the Vesting Tentative Tract No. 63399 does NOT necessarily mean the project is being denied, at this time.
The applicant has the right to appeal the decision of the Advisory Agency. The applicant may also go forward to seek approval by the Los Angeles City Council, but it would probably be a giant uphill battle at this point.
The applicant may also change the Vesting Tentative Tract to allow for lesser density, fewer units, and other mitigation that might allow for another Vesting Tentative Tract to be approved.
Here below, is the document advising all parties of the disapproval.
Click on each page to enlarge.