Cityview has received $81 million in construction financing to develop Adams & Grand, a mid-rise, transit-oriented, multi-housing building within a qualified opportunity zone in Los Angeles.
Construction is planned to begin immediately with completion in mid-2023.
Adams & Grand will offer 296 studio, one- and two-bedroom apartment units, including 25 affordable apartments set aside for low-income tenants. The property will comprise one seven-story building with ground-floor retail and 360 parking spaces for residents and commercial tenants. The units will have high-end finishes such as quartz countertops, stainless steel appliances, vinyl flooring, and in-unit washers and dryers. The best-in-class community amenities include a two-story clubroom, business center, two sky decks, yoga studio, fitness center, swimming pools, dog spa and bike storage. The building is designated as LEED Silver/CalGreen with energy efficient HVAC units, low-flow plumbing fixtures and
