Rose Equities and Garden Communities aim to build 272 apartments in Torrance.
The Beverly Hills- and San Diego-based developers have filed plans to for a four-building complex at 2325 Crenshaw Boulevard, Urbanize Los Angeles reported.
It would replace a single-story, 60,800-square-foot office building now occupied by the Los Angeles County Department of Children and Family Services.
Rendering of plans for 2325 Crenshaw Boulevard (Rose Equities)
The 5.5-acre development, dubbed Torrance Del Amo, would include four buildings of four or five stories with 272 studio, one-, two- and three-bedroom apartments. The homes would be built atop a two-level garage for 467 cars.
The developers aim to employ density bonus incentives in exchange for 28 affordable apartments set aside for very low-income households.
The project, designed by Santa Monica-based Moore Ruble Yudell Architects & Planners , would have four lines of apartments separated by courtyards. The brown and beige project includes a swimming pool, according to renderings.
Three-story complexes would line the north side next to single-family homes, while five-story complexes would line the south side along commercial Sepulveda Boulevard.
Rendering of plans for 2325 Crenshaw Boulevard (Rose Equities)
“Lantern-like gable roofs and syncopated balconies contribute to the village-like feel,” according to a project description. “The buildings are clad in white plaster and stone, with louvers that shade balconies.”
Pending approvals, construction is expected to take 30 months.
Rose Equities is also developing a larger project, with more than 1,000 apartments in Costa Mesa, according to Urbanize.
Rendering of plans for 2325 Crenshaw Boulevard (Rose Equities)
In November 2022, Rose Equities and Garden Communities paid $71 million for the former site of a Renaissance Hotel in Westchester County, New York, with plans to redevelop it into a 760-unit luxury apartment complex.
Garden Communities is the property management arm of the Wilf family’s New Jersey-based Garden Homes. The family patriarch, Zygi Wilf, runs the Minnesota Vikings, and engineered a controversial taxpayer-funded covered stadium for the team in Minneapolis.
In 2017, an associate by marriage of the Wilf family died before being accused of a mass shooting at the family-built La Jolla Crossroads apartment complex in University City in San Diego, the San Diego Reader reported.
— Dana Bartholomew
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Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
Uncategorized The Real DealRead MoreRose Equities and Garden Communities aim to build 272 apartments in Torrance. The Beverly Hills- and San Diego-based developers have filed plans to for a four-building complex at 2325 Crenshaw Boulevard, Urbanize Los Angeles reported. It would replace a single-story, 60,800-square-foot office building now occupied by the Los Angeles County Department of Children and Family
The post Rose Equities and Garden Communities team for Torrance apartments appeared first on The Real Deal.