Olivia Apartments Development Defies COVID Issues

Trion Properties with joint venture partner Ketter Construction recently completed Olivia Apartments, a 45-unit luxury multifamily development with 10 percent of the units designated as affordable. The property is located in the Mid-Wilshire neighborhood of Los Angeles at 1556-1564 Hi Point St.

The development was completed in a severely supply-constrained market with significant barriers to entry, according to Max Sharkansky, managing partner at Trion Properties.

“This was the perfect opportunity for us to complete a new development in this highly desirable area that offers greatly needed luxury and affordable units,” says Sharkansky. “We were able to secure a rare opportunity to acquire a land parcel in a high-growth area to develop the property with entitlements and permits for multifamily development in place.”

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Max Sharkansky

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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