Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

Mosaic Apartments to open in L.A.'s Pico Union district

December 6, 2011 |  6:36 pm

Mosaic
Mosaic Apartments, a $21-million affordable housing project in the historic Pico Union area of Los Angeles, is set to open Thursday.

The 56-unit complex west of Staples Center near the intersection of Pico Boulevard and Union Avenue was developed by Amcal Multihousing Inc. of Agoura Hills to house low- to moderate-income renters.

The rapidly changing neighborhood is experiencing new interest from developers due to substantial commercial and residential growth in the adjacent South Park district and attractions such as L.A. Live, said Percival Vaz, chief executive of Amcal.

The design of Mosaic’s two three-story buildings is intended to complement the neighborhood’s historic housing created in the late 19th century and early 20th century — Craftsman, Queen Anne and American Foursquare homes — said architect Wade Killefer of Killefer Flammang Architects.

The project is divided by a long linear court. There are three smaller courtyards, one including playground equipment for youngsters who live at the development. Each building has a community room.

There is underground parking and ground-floor spaces for stores along Pico Boulevard.

ALSO:

Phoenix Realty buys Long Beach apartment complex

Apartment occupancy stable, rents on rise

Apartments under construction at Wilshire and Barrington

-- Roger Vincent

Photo: Mosaic Apartments.  Credit: Killefer Flammang Architects

 

Comments 

Advertisement










Video