Connected Cos. Secures $27M for San Gabriel Mixed-Use Project

• Connected Cos. has secured $26.8 million in construction financing for a mixed-use development at 300 E Valley Blvd. in San Gabriel, California.
• The project will deliver a 136,991-square-foot building with 63 residential units and 16,000 square feet of commercial space.
• The development is being built on the site of a previous project that was destroyed by a fire in 2023.

What Financing Was Secured for the Development

Connected Cos. has obtained $26.8 million in construction financing for its mixed-use project at 300 E Valley Blvd. in San Gabriel. The non-recourse bridge loan includes a two-year interest-only term and is expected to support construction through the project's anticipated completion in 2026. The financing was arranged by Slatt Capital, with Bayview Asset Management serving as the lender. Jason Wang, Vice President at Slatt Capital, led the transaction alongside Senior Vice President Richard Davidson.

What Is Being Built at 300 E Valley Blvd.

The development will consist of a four-story mixed-use building totaling approximately 136,991 square feet. Plans call for 63 residential units positioned above roughly 16,000 square feet of commercial space, creating a project that blends housing and retail uses within a single development. Located at 300 E Valley Blvd. in San Gabriel, the project is being developed by Connected Cos. Although detailed information regarding apartment layouts, amenities, and commercial tenants has not yet been released, the development is expected to add new residential inventory and commercial activity to one of the city's primary corridors.

What Happened at the Site Previously

The project is moving forward on a site that experienced a major setback several years ago. A previous mixed-use development under construction at the property was destroyed by a fire in June 2023 before it could be completed. The new financing package allows Connected Cos. to restart redevelopment efforts and continue work on a project that had previously stalled following the incident.

What Multifamily Development Activity Looks Like Across Southern California

The financing arrives as multifamily development remains active throughout the Greater Los Angeles region. According to Yardi Matrix, more than 25,000 multifamily units were under construction at the end of 2025, while another 192,000 units remained in various planning and permitting stages. Although industry forecasts suggest new supply could moderate during 2026, developers continue to pursue residential projects across Southern California as housing demand remains elevated in many markets.

What the Project Means for San Gabriel

The construction loan provides a significant milestone for the redevelopment of 300 E Valley Blvd. and positions the project to move toward its targeted 2026 completion. Once finished, the development will bring 63 new residential units and 16,000 square feet of commercial space to San Gabriel while transforming a site that has remained vacant since the 2023 fire. As mixed-use projects continue to gain traction across Southern California, developments like this one illustrate how developers are combining housing and commercial uses to maximize land utilization and meet growing demand in urban infill locations.