Construction Begins for Residential-Retail Project in East Pasadena

Posted by KFA | May 12, 2020 | Blog 2020
APPA Colorado

Urbanize.LA

by Steven Sharp

May 12, 2020

APPA Real Estate has broken ground on a mixed-use housing development in unincorporated East Pasadena, the company announced this week.

The project – a joint venture with Sundance Bay and Geolo Capital – will rise from a .75-acre property at 3768 E. Colorado Boulevard.  Plans call for a five-story edifice containing 100 apartments – including five affordable units – above 4,500 square feet of ground-floor retail space and two levels of subterranean parking.

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KFA Architecture

KFA Architecture is designing the contemporary podium-type building, which will include a gym, co-working space, courtyards, and rooftop decks for use by residents.

The project site, which APPA acquired last year for $8.5 million, was entitled over an approximately three-year period between 2015 and 2018.  The project is likely to be the first new development built in Los Angeles County using its updated mixed-use zoning.

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Google Maps

The apartment complex, which is funded by an approximately $32-million loan, is expected to be completed in mid-2022.

Other developments planned in the near vicinity include a 550-unit housing complex which would rise less than one mile east on a site which abuts Metro’s Sierra Madre Villa Station.