The scaffolding has come down and the stucco has come out at 1540 N. Vine Street, where the Houston-based Camden Property Trust continues with the construction of a luxury apartment complex.

Located at the southeast corner of Selma Avenue and Vine Street, the $140-million development will consist of a low-rise building featuring 287 rental units and a 40,000-square-foot Equinox Fitness.

Thanks to a partnership with nightclub mogul Sam Nazarian, residents of the apartment complex will have access to a variety of restaurants and venues owned by SBE Entertainment.  Other amenities will include a dog park, a pool and spa deck, an artist's annex and a 750-car parking garage.

The seven-story structure, designed by TCA Architects, is slated to open in 2016.  Rents will reportedly range between $2,000 and $4,000.

Across the street, construction is also underway on an eight-story office building from the J.H. Snyder Company.

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The City of Los Angeles Isn’t Creating As Much Housing As It Used To. Why?

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