Construction is scheduled to begin before the end of December for a mixed-use development in Historic South-Central, Los Angeles-based developer Cityview announced this week.

The project, slated for a currently vacant site at the northeast corner of Adams Boulevard and Grand Avenue, calls for the construction of a new seven-story building containing 296 studio, one-, and two-bedroom apartments above approximately 5,000 square feet of ground-floor retail space and parking for 390 vehicles.

As part of the project's conditions of approval, plans call for 25 of the apartments to be set aside as deed-restricted very low-income affordable housing, with an additional three units priced for moderate-income households.

Humphreys & Partners is designing the podium-type building, which is depicted in a conceptual rendering with a colorful exterior and multiple rooftop decks.  Planned on-site amenities include a fitness center, a club room, and a swimming pool.

Other members of the design and construction team include WPIC Construction LLC, Togawa Smith Martin, Nadia Geller Designs, and John Labib & Associates on the project.

Similar to the neighboring Lorenzo apartments, built by developer G.H. Palmer, the target market for the Adams and Grand project includes students and faculty at nearby universities - including USC.

“Adams & Grand is located adjacent to the Figueroa Corridor, which has experienced significant investment driven by demand from USC and Exposition Park,” said Cityview chief executive officer Sean Burton in a news release. “Catering to college faculty and staff, other professionals and students, the project will bring much-needed housing to this rapidly growing and vibrant area of Los Angeles.”

The project, which is scheduled for completion in early 2023, is expected to create 1,000 jobs during the course of construction.

The apartment complex, which will rise a block east of Metro's LATTC/Ortho Institute Station, could be soon be neighbored by a 15-story apartment tower planned to replace a parking lot on Flower Street.

Cityview recently broke ground on a similar housing and retail complex on Pico Boulevard in the Carthay community, and has also obtained approvals for a mixed-use building on Beverly Boulevard in Westlake.