Massachi secures a $48 million construction loan for a 115-unit mixed-use development at 8025 Santa Monica Blvd. in West Hollywood.
Los Angeles-based developer Massachi has finalized $48 million in construction financing for a new mixed-use project located at 8025 Santa Monica Boulevard in West Hollywood. The proposed seven-story development will feature 115 studio, one-, and two-bedroom residential units, with 16 apartments designated as affordable housing to meet local project requirements.
In addition to the housing component, the building will include 3,909 square feet of ground-floor commercial space. Parking accommodations consist of 115 spaces distributed between at-grade and two subterranean levels. Designed as a contemporary podium-style structure, the building will offer residents amenities including terrace decks, an interior courtyard, and a pool deck.
Align Real Estate files formal plans for a 766,000-square-foot mixed-use redevelopment at the Outer Richmond Safeway site in San Francisco.
Bridgeton sells the 36,000-square-foot Museum Parc mixed-use property in San Francisco's SoMa neighborhood to DPI Retail for $19.2 million.
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