Eight months after breaking ground in Florence-Firestone, A Community of Friends has topped out at its Firestone Phoenix development, with exterior finishes now taking shape on the three-story building.
The $24-million development, located a 7321 Miramonte Boulevard, will consist of 44 apartments reserved for formerly homeless veterans and families.
The project will offer rents deemed affordable to households earning between 35 and 50 percent of the area median income, according to a staff report to the California Tax Credit Allocation Committee. Plans call for a mix of studio, one-, and two-bedroom dwellings with rents between $509 and $1,091 per month.
The project, designed by Y&M Architects, will also include a community room, a courtyard, and offices for supportive services.
Completion is anticipated in early 2021.
Firestone Phoenix, which is located a short walk west of Metro's Florence Station, is one of a handful of multifamily residential projects now being developed by A Community of Friends. Other projects are planned in Boyle Heights and South Los Angeles.
- 7321 Miramonte Boulevard (Urbanize LA)