Kennedy Wilson and Jamison, a Los Angeles multifamily development firm have entered a new strategic partnership with plans to deliver 4,000 affordable housing units across Los Angeles through adaptive reuse and ground up construction.
The partnership is between Jamison’s newly launched affordable housing division, Arden Residential, and Kennedy Wilson’s affordable housing development joint venture, Vintage Housing. It will begin with the conversion of the former Los Angeles World Trade Center at 350 S. Figueroa Street, which will be re-branded as Sky Castle. The 400,000-square-foot office complex will be converted into 512 affordable units offering a mix of one-, two- and three-bedroom floor plans. Each unit will feature new kitchens and bathrooms with appliances and an operable window as well as modern community amenities including community rooms available for resident events, a dedicated co-working space, a resident lounge, on-site storage, laundry rooms throughout the
