Nearly one year since our last update, vertical construction is now complete for a pair of mixed-use projects that will bring a Hyatt hotel and new housing to a busy intersection in San Gabriel.
At the northwest corner of the Valley Boulevard and Del Mar Avenue, exterior work is largely finished for a six-story edifice that will contain 87 condominiums, while steel framing continues to take shape at a 222-room Hyatt hotel next door. The two buildings will share approximately 55,000 square feet of retail and restaurant space, as well as a two-level subterranean parking garage.
The hotel was reportedly financed in part through the EB-5 program, which permits immigrants to permanent resident status in exchange for investing in businesses in the United States.
Los Angeles County Assessor's records list the owner of the development site as the San Gabriel-based entity Landwin Investment, LLC. That firm is also behind plans for a similar hotel and housing development on two properties near the intersection of Colorado Boulevard and Hill Avenue in Pasadena.
On the opposite side of Del Mar Avenue, wood framing is now complete for The One, a five-story development which will consist of 81 housing units above 15,000 square feet of ground-floor retail and basement parking.
That project, which is owned by an entitled called One Investments, LLC, is depicted in a rendering as a contemporary low-rise building.
- San Gabriel (Urbanize LA)