Developer CIM Group is getting to work at 5601 Santa Monica Boulevard, a long-delayed mixed-use project which will incorporate East Hollywood's historic Sears building.

The project, formerly known as Paseo Plaza, includes the rehabilitation of the 1920s department store as retail space with a 20,000-square-foot rooftop park.

The property, which includes a substantial surface parking lot, will be developed with a series of seven-story buildings designed by architecture firm Togawa Smith Martin.  Plans call for 375 units of rental housing on the upper floors, with additional retail space below.

A full buildout of the development would create approximately 370,000 square feet of retail and restaurant space between the new construction and the restored Sears building.

Suffolk is the project's general contractor.  At the current time, shoring beams are being placed at the property in advance of excavation for an underground parking structure.

Image courtesy of Rick Cisneros
Rendering by Togawa Smith Martin
Rendering by Togawa Smith Martin
Image via Google Maps

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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.