The site at 12850-12900 S. Crenshaw Boulevard in the City of Gardena, which was acquired in February, is entitled for the construction of an eight-story podium-type building containing 265 studio, one-, and two-bedroom apartments - ranging from 510 to 1,197 square feet - above parking for 250 vehicles.
“Major global tech, aerospace, automotive and ecommerce corporations are relocating to this South Bay community, making it a perfect time for Cityview and Stockbridge to execute on our shared vision for bringing new jobs and building much needed, quality market-rate workforce housing to this undersupplied market,” said Cityview's chief executive officer Sean Burton in a statement. “We are both eager to be part of the revitalization efforts taking place in this region and provide increased sustainable living options to our residents.”
The project is expected to obtain LEED Silver certification, using features such as high-performing lighting a solar thermal water heating system.
Tenants will have access to amenities including a fitness center, an outdoor pool deck, and three separate courtyards.
“We are looking forward to working with Cityview on this development to bring new jobs and much needed housing to this growing neighborhood,” said Stockbridge vice president Ross Thompson in a news release. “Cityview’s holistic approach to building, deep knowledge of multifamily development and the surrounding community are what attracted us to this partnership, and we are optimistic about the long-term success and impact the project will have within the South Bay area.”
Completion of the apartment complex is anticipated by early 2025.
The project was entitled for development by Blackwood Real Estate, which also secured approvals for a similar project one block north in the City of Hawthorne which features 230 apartments and ground-level commercial uses. That site recently sold to a joint venture between Standard Communities and Faring, which will convert the property to middle-income housing using state funding.
- 12850-12900 Crenshaw Boulevard (Urbanize LA)