Cityview Secures Funding for $125M Opportunity Zone Development Near USC
Los Angeles-based Cityview secured funding for Adams & Grand, a $125-million mixed-use project located in a Los Angeles opportunity zone near USC. Funded with capital from opportunity zone investors, the seven-story, 296-unit project will feature 5,000 square feet of retail space, extensive amenities and two rooftop sky decks.
Cityview’s Sean Burton says, “Adams & Grand is located adjacent to the Figueroa Corridor, which has experienced significant investment driven by demand from USC and Exposition Park (with the Coliseum, the $1 billion Lucas Museum of Narrative Art and Banc of California Stadium) from the south, and South Park and the financial district from the north. Catering to college faculty and staff, other professionals and students, the project will bring much-needed housing to this rapidly growing and vibrant area of Los Angeles.”
Ground up construction of the mixed-use project at 2528 S. Grand Ave. will commence this month and is expected to complete by Q1 2023.
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