
Modular Units Stacked for 290-Unit Affordable Housing Project in East Hollywood
Construction is progressing rapidly at 1141 N. Vermont Avenue in East Hollywood, where modular units are now being stacked for a new affordable housing complex. Developer Thrive Living is behind the seven-story building, which will offer 290 studio, one-, two-, and three-bedroom apartments. These units are designated for households earning up to 80 percent of the area median income.
The project, designed by Gary Leonard Rios, includes a rooftop deck, a community room, and various landscaped outdoor spaces. It was entitled using the streamlining provisions of Executive Directive 1, a policy aimed at accelerating housing development. Thrive Living secured a $65-million construction loan for the complex last year, marking another significant development for the company, which recently completed a 376-unit project in Chinatown and commenced an 800-apartment mixed-use development in Baldwin Hills.
This development highlights the increasing adoption of modular construction and the impact of policy directives like ED1 in delivering much-needed affordable housing in Los Angeles.
More from Los Angeles
· Los Angeles, California
Cypress Equity Investments Completes 176-Unit OnSunset Apartments in Echo Park
· Los Angeles, California
Jordan Downs Redevelopment Delivers 75 New Homes and Begins New Park Construction
· Los Angeles, California
Los Angeles Mayoral Candidates Debate Housing Affordability Strategies and Measure ULA Reforms
· Los Angeles, California
Los Angeles Southwest Valley Community Plans Release Draft EIR, Proposing Significant Zoning Updates
· Los Angeles, California
Jamison Services Converts Koreatown Hotel Project to 114 Affordable Apartments
More in California
· Indian Wells, California
Citi Provides $210 Million Refinancing for Grand Hyatt Indian Wells Resort
· National City, California
National City Investment Group Commences Construction on 120-Unit Workforce Apartment Project
· Fallbrook, California
Fallbrook Multifamily Portfolio with 206 Units Sells for $37 Million
· Berkeley, California
Berkeley Approves 242-Unit Mixed-Use Project at 2900 Shattuck Avenue
· Healdsburg, California
Healdsburg Affordable Senior Housing Project Secures CEQA Exemption