Nearly two years after breaking ground, vertical construction continues for the Desmond on Wilshire, an upcoming multi-family residential complex on the famed Miracle Mile.

The project, designed by Architects Orange, replaces a former parking lot behind the iconic Desmond's Tower at 5500 Wilshire Boulevard.  The finished product will consist of a seven-story structure, featuring 175 apartments and three underground parking levels.  The low-rise building will offer a mixture of one- and two-bedroom units, accompanied by amenities such as a pool, a fitness center and a rooftop deck.

Construction on the $70 million development has fallen significantly behind schedule, with completion originally slated for this summer.  As of late June, construction has only progressed to the building's fifth story above ground level.

The Desmond is being developed by Associated Estates Realty, a national developer specializing in apartment communities.  Associated Estates' other Los Angeles assets include a proposed mixed-use development in Warner Center and a controversial residential-retail complex in the Arts District.  The Ohio-based corporation recently agreed to sell itself to an affiliate of Brookfield Asset Management in a $2.5 billion transaction.

For more information on the project, visit the Desmond on Wilshire's official website.


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Senior Affordable Housing Opens Near Orange County's Great Park

The two-building development features 157 apartments.

Developers Related California and FivePoint have opened a new affordable housing complex near Irvine's Great Park.  The project, called Luxaira, features 157 residential units catering to low-income seniors.  It is the second senior affordable development to be built in the Great Park neighborhoods by Related, FivePoint, and collaborator RCC Charitage.  To date, more than 500 affordable housing units have been built around the park in four separate projects.