In 2016, CGI acquired a site located just north of Wilshire Blvd. on the prominent La Brea corridor in the Miracle Mile neighborhood of Los Angeles. The site totals approximately 47,323 square feet and is zoned LAC2-1 throughout. The mixed-use project is currently being entitled for 125 hotel keys and 121 apartment units.
Located at a pivotal intersection of multiple thoroughfares as well as a future Metro Station, the completed project will feature a compelling hybrid of residential and commercial space that will complement the creative and professional culture of the area. The project is anticipated to break ground in 12-18 months subject to the close of escrow and the completion of entitlements for the project. Construction will take approximately 24 months plus an additional six-month stabilization period following completion of the building.
639 S. La Brea Ave., Los Angeles, CA
|Investment Type:||Equity and Debt|
|Asset Type||Luxury Residential & Retail Development|
|Size:||121 Apartment Units, 125 Hotel Keys, over 14,000 SF Ground Floor Retail & over 3,000 SF Roof Retail|