Transit-oriented development: Puerta del Sol
The next stop on my tour of transit-oriented development in the Southland was a massive complex of condos and apartments that opened in the last couple of years next to the Gold Line's Avenue 26 station in Lincoln Heights. My goal is to see what exactly is getting built in the name of TODs -- a lot of luxury units or perhaps something that would lure Joe Blow back from the distant 'burbs.
The complex is known as Puerta del Sol, although that's just the condo part of the project. There are also three apartment complexes: Tesoro del Valle, Flores del Valle and Camino del Oro (Road of the Gold!), which is for seniors. All together, there are several hundred rental units.
Right off the bat, I got a big surprise: In Tesoro del Valle -- i.e. Treasure of the Valley -- I found apartment buildings that looked out on the back of a billboard owned by Regency Outdoors. More on that below.
The developers were AMCAL and Phoenix Realty Group, which built the project at the site of an old furniture factory. The city of Los Angeles was involved, with its Housing Department offering down- payment assistance to some condo residents. It is also worth noting that the city's pension board, known as LACERS, in 2006 invested $20 million in Genesis Workforce Housing, a fund controlled by Phoenix.
A few more details:
Developer claim from website: "At Puerta del Sol, we are bringing family lifestyles home to one of the world’s most exciting cities, and we’re doing it with high-quality urban housing at prices that compete with suburban options and all but eliminate the commute. Give yourself and your family more time and energy for living. For being together. For enjoying community life."



