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Earlier this month, USC officially broke ground on its long-awaited Village development.  The first phase of the $650 million project will expand the existing campus north by 15 acres, adding a combination of student housing, academic facilities and community-serving retail space.  As has been the case with other recent capital investments, USC Facilities Management has set up a live-feed camera focused on project, allowing Trojans and all other interested parties to stay up-to-date on the Village's progress.  A battalion of dump trucks was recently seen streaming through the construction site, hauling away dirt in preparation for foundation work.

When completed in late 2017, the first phase of the Village will yield new academic facilities, housing for up to 2,700 students, and 115,000 square feet of street-level commercial stalls.  The low-rise buildings - designed by Harley Ellis Devereaux in the school's signature Collegiate Gothic style - will be oriented around an expansive central plaza.  Trader Joe's, the trendy grocer which consistently eludes nearby Downtown Los Angeles, was recently announced as a ground-floor tenant.

Later phases of the development would tackle two adjacent city blocks, encompassing an additional 15 acres between Vermont and McClintock Avenues.  A full build out of the Village will carry an approximately $1.1 billion price tag, creating more than two million square feet of programmed area.

 

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Construction Finally Underway at 5750 Hollywood

Wood Partners has acquired a mixed-use development site near the Hollywood Freeway.
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Atlanta-based developer Wood Partners has broken ground for a residential-retail development near the Red Line's Hollywood/Western Station.

The project, located at 5750 Hollywood Boulevard, will consist of a seven-story structure featuring 161 apartments, 5,700 square feet of ground-floor retail space, and basement parking for 271 vehicles.  Plans call for a mix of studio, one- and two-bedroom units, including 14 apartments reserved as low-income housing.