A pair of mixed-use developments featuring hotels and multifamily housing are now taking shape at the intersection of Valley Boulevard and Del Mar Avenue in San Gabriel.
At the northwest corner of the intersection, the frame of a six-story edifice that will contain a 222-room Hyatt Hotel and 87 condominiums is now largely complete. Plans also call for approximately 55,000 square feet of retail and restaurant space, as well as a two-level subterranean parking garage.
Los Angeles County Assessor's records list the owner of the development site as the San Gabriel-based entity Landwin Investment, LLC.
Construction of the hotel is financed in part by EB-5 program, in which foreigners are able to obtain permanent resident status in exchange for investing in businesses in the United States. The controversial program is intended to drive investment into "economically distressed," areas.
Directly across Del Mar Avenue, excavation and shoring work is largely complete for The One, a five-story development which will consist of 81 housing units above 15,000 square feet of ground-floor retail and basement parking.
A rendering depicts a contemporary low-rise structure.
That project is owned by an entitled called One Investments, LLC.
- San Gabriel (Urbanize LA)