![]() ![]() Like all of HDC’s work, 1317 S Grand Ave is located near employment centers and public transit. STS Development Services and international architecture and design firm Steinberg Hart are also involved. The company is currently developing five communities in California: two in Downtown Los Angeles, two in Hollywood, and one in Koreatown.ġ317 S Grand Ave was developed with STS Construction, HDC’s long-term partner. The lead developer, HDC, is similarly focused on social impact. Navigator communities focused on contributing to the vibrancy and economic diversity of the communities in which they are located. property is the latest in a growing number of O.Z. The average apartment size is 328 square feet of cost-effective, person-centric design. This aligns directly with the mission of Housing Diversity Corporation, with the building participating in the Los Angeles’ Transit Oriented Communities Incentive Program. Īmong the units, 130 of the apartments are priced at market rate, yet still attainable for Los Angeles renters earning no more than the Area Median Income. ![]() Funding was sourced in part by Opportunity Zone investment firm Pinnacle Partners. Like all of HDC’s homes, 1317 S Grand Ave helps fill a gap known as the missing middle, which describes the unmet demand for attainably priced apartments available in the Los Angeles community.Ĭonstruction on the 147 units has officially started. Located at 1317 S Grand Ave, the property is projected to be attainably priced to middle-income renters. Navigator and Housing Diversity Corporation (HDC) has broken ground on their new mid-rise construction in Downtown Los Angeles. Project at 1317 S Grand Ave helps fills demand for housing priced in missing middle range NAVIGATOR AND HOUSING DIVERSITY CORPORATION BREAK GROUND ON NEW ATTAINABLE HOUSING IN DOWNTOWN L.A. ![]()
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