Cityview has secured funding for Adams & Grand, a $125 million mixed-use project located in an opportunity zone near the University of Southern California (USC) in Los Angeles.
Funded with capital from opportunity zone investors, the seven-story, 296-unit project will feature 5,000 square feet of retail space, extensive amenities and two rooftop sky decks offering sweeping views of Downtown Los Angeles. Ground-up construction of the project will commence this month and is expected to complete by first quarter 2023.
“Adams & Grand is located adjacent to the Figueroa Corridor, which has experienced significant investment driven by demand from USC and Exposition Park [with the Coliseum, the $1 billion Lucas Museum of Narrative Art and Banc of California Stadium] from the south, and South Park and the financial district from the north,” said Sean Burton, CEO of Cityview. “Catering to college faculty and staff, other professionals and students, the project wil