Property Size

• 449 rental apartments
• 36,500 square feet of retail space

Local Population Density

• 43,600 people/square mile

Highlights

• Invested in the development project through a venture with Urban Partners.
• Redevelopment of a minimally improved site at the corner of Wilshire Boulevard and Vermont Avenue owned by the Los Angeles Metropolitan Transportation Authority (“MTA”) that, prior to construction, featured a bus plaza and subway portal.
• The site is subject to a long-term ground lease from MTA, which operates the Wilshire/Vermont Metro Red Line station directly underneath the property.
• Consists of two connected seven-story residential buildings with ground-floor retail space and a subterranean parking garage that are configured around a central, street-level public plaza.
• The public plaza features an 8,200-square-foot mural (“Hand Holding a Bowl of Rice”) hand-painted by artist April Greiman that is visible from Wilshire Boulevard.
• Construction was partially financed through proceeds from the sale of tax-exempt bonds; 20% of the units are designated for low- and moderate-income residents.

Related Websites

• Wilshire Vermont Station

Walk Score:  96     |    Transit Score:  83     |     Bike Score:  63

How Walk Score works