US-based real estate and infrastructure business CIM Group has broken ground on a mixed-use residential and retail development in Los Angeles, California, US.
The development features 168 apartments, 17 of which will be classed as ‘affordable’. It also includes 40,000ft² of retail area on the ground floor.
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It will be built across an area of approximately 1.3 acres on the site of 3045 Crenshaw Boulevard, which previously served as the north campus of the West Angeles Church of God in Christ.
In March this year, CIM announced that it had purchased the property in order to develop the mixed-use project.
Once developed, the six-storey building will include studio units, one- and two-bedroom apartments, a central courtyard, a swimming pool, a fitness centre, a club room, as well as two outdoor sky decks on the fifth floor.
CIM co-founder and principal Shaul Kuba said: “CIM Group joined with West Angeles Church almost two decades ago to bring new development to South Los Angeles that benefits the community by attracting quality jobs, services, and housing, work we continue to do today.
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By GlobalData“My first meeting with Bishop Blake led to an ongoing dialogue about our shared vision to improve the community through the development of commercial properties on and around Crenshaw Boulevard.
“Rather than an overwhelmingly large mega-project, our approach is to work within the context of the community on infill developments, such as the new apartment community that we are currently constructing.”
Recently, CIM Group concluded the development of an office building and an adjacent parking facility with ground-floor retail facilities at 2922 Crenshaw Boulevard, near to its current project.
