The current concept for the 2.43-acre project calls for:
450 apartment units
200 condominium units
50,000 square feet of ground floor retail
Project Start: August 2016
Project Completion: Anticipated Q4 2017
High Street Residential, the residential subsidiary of TCC, in partnership with Principal Real Estate Investors and the Cesar Chavez Foundation (CCF) announce that construction has commenced on LA Plaza Village in Los Angeles, CA. The project will feature 355-for-rent multifamily units, 20 percent of which are affordable housing units and 43,700 square feet of retail. Design includes one, two and three bedroom layouts. The project is scheduled to complete in 2018.
Opportunity, Solutions & Outcomes
The 425,000-square-foot village will include four buildings, ranging from 5-to-7 stories. The project will also provide approximately 720 parking spaces and an extension of the existing Historic Paseo/pedestrian trail from Union Station to Olvera Street, the already planned extension from Olvera Street to LA Plaza Park and the LA Plaza de Cultura y Artes, and the El Pueblo de Los Angeles Historic Monument.
Principal Real Estate Investors and the Cesar Chavez Foundation
"The Cesar Chavez Foundation is proud to be a partner in developing this community that contributes badly needed multi-family housing without public subsidies—20% of which will be affordable for moderate- and low-income residents—along with a paseo or walkway honoring the history of Los Angeles and the diversity of those who built it in the area where that history was created."
Paul F. Chavez, Cesar Chavez Foundation, President and Chairman