ApartmentsPlus17AffordableUnits
GoldrichKest,oneofSouthernCalifornia's largestprivatelyownedrealestate investment,developmentandasset managementcompaniesissettobreak groundlaterthisyearona129-unit apartmentbuildingthatwillbesituated alongsidetheLosAngelesRiverinStudio City.
Thefive-story,multi-family buildingcalledTheCrescentwill featurestudios,1-3bedroom apartments,inclusiveof17 affordableunitsanda145-car undergroundparkinggarage.
Amongtheamenitieswillbeapool overlookingtheLARiverandfuture multi-useriverpath,outdoorkitchen, clubroom,fitnesscenter,theater, open-airroofdecks,petspa&dog run,parcellockersandaco-working.
"We'redelightedtoannouncethe developmentofTheCrescent,whichwill bringmuchneededhousingtothe region,"saysHawthorne,whowentonto saythatTheCrescentwillbethefirst ground-updevelopmentforGoldrichand Kestinmorethan15years.
"WegreatlyappreciatethesupportoftheLA CityPlanningCommissiontomovethis projectalongandlookforwardtoits completionin2025."Thebuildingisbeing designedbyLahmonArchitectsandwill featureamodernlookintendedtointegrate seamlesslyintothenearbyenvirons.
"Thetieredbalconiesandroof deckstothenorthallowresidents totakeadvantageofthegreat SouthernCaliforniaweatherand ampleoutdoorspace,"saidMark LahmonofLahmonArchitects.
"Weareexcitedtoworkalongsideoneof LA'smostrenownedandlegendaryreal estatecompaniestoseethisproject throughtocompletionandbepartofthe solutiontoLA'shousingshortagecrisis." GoldrichKestisaprivatelyowned, family-runbusiness.
Today,thesecondgenerationof theGoldrichandKestfamilies continuetobuilduponthe company'sever-expanding portfolioofresidential, commercial,industrial,andretail properties.
Amongthemare124apartment buildingswith14,000units,5 marinas,22seniorlivingfacilitieswith 4,168beds,and,scattered throughouttheUS,morethan7 millionsquarefeetofcommercial, industrial,andretailspace.
Overhalfofitsapartment buildingsaccommodate low-incomefamilies.