Logos Faith Will Deploy Modular Construction on South LA Project
Logos Faith Development, a Los Angeles-based, mission-driven real estate development firm specializing in transforming underutilized church land into community-centered affordable housing, plans to build multiple projects using modular housing units from Model/Z Modular.
Modular housing units promise to deliver housing faster, more cost-effectively, and with less waste than traditional “stick-built” construction. The first project that LOGOS plans to use the modular units on is a 91-unit, five-story affordable apartment community at 105th Street and Central Avenue in South Los Angeles. Site work is scheduled to begin in 2026, with first residents projected to move in later in the year.
Pastor Martin Porter, founder and CEO of Logos, said, “We are excited to be using modular units on LOGOS’ 105th and Central project and look forward to leveraging the high quality, price certainty and high efficiency that modular units offer for new construction projects. LOGOS brings an approach that is anchored on utilizing underused church land. We are finding many faith-based organizations are looking for ways to supplement their finances, be good stewards of their resources, and expand their heavenly mission into housing.”
Other News
One Beverly Hills Reaches Milestones Ahead of Schedule
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
Learn more
Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion
Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
Learn more
Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor
Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout