New $35M Project Set to Elevate Residential Experience in LA's West Manchester Avenue

Revitalizing Los Angeles: The Serenity Apartments Project on West Manchester Avenue

Los Angeles is witnessing the rise of a new residential landmark at 1623 West Manchester Avenue. The Manchester Square neighborhood is buzzing with activity as construction of a five-story mixed-use building, named Serenity Apartments, is underway. This project, which replaces the Southside Church's parking lot, is a joint venture between John Stanley, Inc and Innovative Housing Opportunities, with BSB Design at the helm of the architectural aspects.

Project Overview: A New Era of Affordable Housing

The Serenity Apartments project is set to redefine affordable housing in Los Angeles. The building, spread over a 0.82-acre parcel, will feature 50 apartments, a mix of studios and one-bedroom units. These apartments will be reserved for renters aged 55 years and above, with income restrictions set at or below 60 percent of the median income of Los Angeles County. The contemporary low-rise structure, clad in stucco, is expected to be completed by 2024.

Additional Features: More Than Just a Home

But Serenity Apartments is more than just a residential complex. The building will also house a commercial space of 1,600 square feet and a two-level 100-car podium garage. This garage will also serve as replacement parking for Southside Church. Furthermore, the third floor will host a laundry facility, a club room, and a courtyard, adding to the convenience and lifestyle offerings for the residents.

Funding and Progress: A $35M Boost

The project has received a substantial financial boost with $35M in funds. With the groundbreaking ceremony held last year, construction is now in full swing. The project's proximity to the Southside Church of Christ adds to its strategic location, making it a promising investment opportunity in the Los Angeles real estate market.

Conclusion: A Step Towards a Brighter Future

The Serenity Apartments project is a beacon of hope for affordable housing in Los Angeles. With its strategic location, modern amenities, and focus on senior residents, it promises to bring a new wave of transformation to the Manchester Square neighborhood. As construction progresses, the real estate industry, potential investors, and future residents keenly await the completion of this promising project.

Meta Description: Discover the latest development in Los Angeles real estate - the Serenity Apartments project. Learn about this affordable housing initiative that's set to transform the Manchester Square neighborhood.