The Jasper apartments, which are located midway between Downtown Los Angeles and USC at 2528 S. Grand Avenue, consist of a seven-story building featuring 296 studio, one-, and two-bedroom apartments above 5,000 square feet of ground-floor commercial space and a 390-car garage.
A leasing website for the property lists monthly rents ranging from $2,150 to $3,825 per month. Floor plans range from as small as 517 square feet to as large as 1,328 square feet.
The property also includes 25 units of deed-restricted very low-income affordable housing, as well an additional three units priced for moderate-income households, which were required as a condition of approval imposed by the City of Los Angeles.
In addition to housing, Jasper also features on-site amenities for residents including a courtyard with a swimming pool, a fitness center, and a club room.
Other members of the Jasper project team included AC Martin, WPIC Construction, Nadia Geller Designs and Labib Funk and Associates.
The project is the latest in a small handful of new developments to be built within walking distance of Metro's LATTC/Ortho Institute Station in the past decade, potentially setting the stage for the construction of a 15-story apartment tower from developer Geoff Palmer on what is now a parking lot fronting Flower Street.
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