LOS ANGELES–In a partnership with the County of Los Angeles, Public Facilities Group and Meta Housing Corporation, Trammell Crow Company (TCC) and High Street Residential (HSR), announced they have broken ground on Vermont Corridor. Made up of three sites, Vermont Corridor encompasses a 468,000-square-foot Class A headquarters for the County of Los Angeles's Department of Mental Health and Workforce Development, Aging and Community Services, an adaptive reuse of an existing office building into 172 residential units with 4,700 square feet of ground floor retail space; and a 72-unit senior affordable housing complex with a 13,000-square-foot community center to be operated by the YMCA of Metropolitan Los Angeles.
Occurring in multiple phases starting with the construction of the Vermont Corridor county administration building, the 21-story office tower will feature a first-class fitness facility, open office floor layouts, an outdoor terrace with a large amenity deck, large indoor/outdoor conference space and a press room. A LEED® Silver certification is being sought and project completion is anticipated Q4 2021.
Meta Housing Corporation is expected to begin development on 72, 100% affordable senior housing units including a 13,000-square-foot neighborhood servicing community center by mid-2019.
The adaptive reuse of the existing 12-story building, the final phase of the project, will commence in late 2021. The project will offer a mix of studios plus one and two-bedroom units. Residents will be able to enjoy a rooftop amenity deck, 4,700 square feet of ground floor retail and project amenities.
Founded in 1948, TCC develops and invests in commercial real estate and has developed or acquired 2,700 buildings valued at nearly $65 billion and totaling over 590 million square feet. TCC serves users and investors in office, industrial, retail, healthcare, and multi-family residential through its operating subsidiary, HSR, and mixed-use projects.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.