In a ceremony highlighted by State Treasurer Fiona Ma, development firm CIM Group unveiled plans late last month for its latest mixed-use apartment building in the West Adams neighborhood.
The project, which will rise from a corner lot at 5217 W. Adams Boulevard, will consist of a six-story building featuring 74 one- and two-bedroom apartments above approximately 9,000 square feet of ground-floor retail space. Subterranean parking is also planned.
“California needs a significant influx of housing – of all types. Building housing near transportation, in a walkable neighborhood with shops and businesses, such as here in West Adams, helps to fill our housing gap and benefits the community,” said Ma in prepared remarks.
The project site, which sits at the northeast corner of Adams and Redondo Boulevard, has sat partially vacant for 30 years, following its destruction in the 1992 uprising.
Crews have recently cleared the existing structures from the lot, which is now fully vacant. Construction permits for the new apartment complex are pending with the Department of Building and Safety.
The 5217 Adams development is one of dozens of projects from CIM Group in the West Adams neighborhood, including similar apartment buildings now taking shape at 5109 and 5201 Adams.