In this video, Mark Forbes, who manages commercial real estate banking at City National, takes a look around EightTwenty. This new project on Mission Street in South Pasadena incorporates street-level retail space with condominiums and townhomes.
The transit-oriented development, located a couple of blocks from the Gold Line station, has been a win-win for the community and the developer.
Adaptive reuse enabled an innovative mix of new construction surrounding a former office building that was transformed into multifamily housing. The project features a variety of sizes and price points; some units have outdoor patios with expansive views.
In the course of the construction, a 100-year-old tree was saved and replanted. It now shades an interior courtyard open to all the residents.
New housing is needed to help keep communities affordable in greater Los Angeles, Forbes said. Infill projects like EightTwenty, that are close to jobs, amenities and transit, help take pressure off our over-crowded roads.