This Tuesday, Fairfield Residential and Legendary Development will officially break ground on 950 E. Third Street, a large residential-retail complex in the Arts District.
The project, slated for a six-acre lot adjacent to the Southern California Institute of Architecture, will consist of multiple low-rise buildings featuring 472 studio, one- and two-bedroom flat and loft apartments above 22,000 square feet of ground-level retail space. Amenities will include a social lounge, a dog wash and play yard, a swimming pool, a courtyard and a rooftop deck
Designs from Kava Massih Architects take inspiration from the surrounding neighborhood, incorporating industrial-themed exterior finishes and mid-century modern stylings. Interior spaces, designed by House of Honey of Pasadena, will feature natural wood finishes and local art.
The Downtown News reports that the project is budgeted at $215 million.
Partial completion of the development is expected by December 2017. Initial site preparation is already underway.