Mayor Karen Bass joined with BRIDGE Housing and the Housing Authority of the City of Los Angeles
(HACLA) Tuesday to celebrate the grand opening of Cypress View, a new affordable housing community within the $1-billion redevelopment of the Jordan Downs public housing complex in Watts.
Cypress View features 119 new apartment homes ranging up to five bedrooms in size, including 106 units affordable for families earning 30%-80% of the Area Median Income and one manager’s unit. The remaining 12 apartments are offered at market rates. Twenty units are reserved for previous Jordan Downs residents.
“The opening of Cypress View marks an exciting milestone in the decade-long revitalization of Jordan
Downs that will serve families and strengthen the Watts community for generations to come,” said BRIDGE Housing president and CEO Ken Lombard.
Cypress View is BRIDGE Housing’s fourth community in the Jordan Downs redevelopment, following
Kalmia Rose (76 apartments), Cedar Grove (115 apartments) and Park Place (80 apartments). BRIDGE
plans to develop three additional communities as part of the HACLA-led revitalization, one of the
nation’s largest urban revitalization projects.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California