This post was written by Steven Sharp and published on 8/16/2023 on la.urbanize.city

Cypress Equity Investments builds housing on former Aahs! site

At the former site of an Aahs! store in Mid-City Santa Monica, wood framing has reached its peak for a new mixed-use apartment complex from Los Angeles-based developer Cypress Equity Investments.

The project, which occupies a corner lot at 3223 Wilshire Boulevard, consists of a four-story building which will feature 53 studio, one-, two-, and three-bedroom apartments upon completion. Plans also call for 5,800 square feet of ground-floor commercial space and a 109-car subterranean parking garage.

City approvals require that four of the apartments be set aside for rent as affordable housing.

Pyatok, an Oakland-based architecture firm, is designing the 3223 Wilshire, which is portrayed in renderings as a contemporary low-rise structure with a rooftop amenity deck overlooking the intersection of Wilshire and Centinela Avenue.

“Ribbons of wood screens and glass express the dynamism of the project’s retail and circulation spaces,” reads a narrative posted to the firm’s website. “From behind its glazed façade, ground floor retail anchors the prominent corner at Wilshire and Centinela. The frontage is sculpted to create a lively street edge, enhancing the pedestrian realm with a generous, arcaded sidewalk and welcoming visitors to a south-facing plaza with planters, lighting, and outdoor seating. The ground floor also accommodates service spaces, residential reception, and a bike room, as well as several apartments that open onto a landscaped wrap-around walkway.”

Integrare Group is serving as the project’s general contractor.

Cypress Equity Investments, based in the neighboring Brentwood neighborhood, is developing at least a half-dozen similar projects in Santa Monica – the largest of which is a 521-unit apartment complex slated for Lincoln Boulevard in Ocean Park. The developer is also planning building market-rate and affordable housing in the Los Angeles neighborhoods of Echo Park and Pico-Union.

This post was published on 9/2/2023 on smmirror.com

The Structure Will Feature Ground Floor Commercial Space and a Three-Level Parking Facility

A cluster of business edifices have yielded ground to accommodate the freshest mixed-use venture by Cypress Equity Investments (CEI), Urbanize LA reported.

The cleared site at 1527 Lincoln Boulevard is poised for the erection of a novel eight-story establishment that will encompass 210 residential units including 21 that qualify as affordable housing. The structure will also feature ground floor commercial space and a three-level parking facility capable of housing 321 automobiles and 270 bicycles.

The architectural endeavor for 1527 Lincoln is under OfficeUntitled, whose vision manifests in renderings as a contemporary podium-style structure. The project’s inception involved a comparatively smaller five-story structure, harboring 114 residential units. However, the design evolved due to zoning modifications introduced consequent to revisions in Santa Monica’s housing element.

This post was written by Steven Sharp and published on 8/16/2023 on la.urbanize.city

The neighborhood’s latest mixed-use project from Cypress Equity Investments

Just north of the intersection of Colorado Avenue and Lincoln Boulevard in Santa Monica, a stretch of commercial buildings has made way for the latest mixed-use project from Cypress Equity Investments (CEI).

The project site, located at 1527 Lincoln Boulevard, is poised for the construction of a new a eight-story development which would feature 210 apartments – including 21 affordable units – above ground-floor commercial space and a three-level, 321-car subterranean parking garage.

OfficeUntitled is designing 1527 Lincoln, which is depicted in renderings as a contemporary podium-type building.

The project was initially conceived as a smaller five-story building with 114 apartments, but has since been redesigned following zone changes brought about by Santa Monica’s revised housing element.

The project joins an increasingly busy section of Lincoln Boulevard, where work is now wrapping up for a 100-unit apartment building from WS Communities across the street,  and a larger project 280-unit complex from Related Cos. is has replaced a Vons supermarket. CEI has already developed a string of new apartment buildings to the south along the stretch of Lincoln between Colorado Avenue and the I-10 freeway trench.

This post was written by Steven Sharp and published on 8/14/2023 on la.urbanize.city

At the intersection of 6th Street and Wilshire Boulevard in Santa Monica, wood framing has reached its peak at the site of a new mixed-use apartment complex from Cypress Equity Investments.

The project, which replaced a small commercial building at 601 Wilshire Boulevard, consists of a four-story building featuring 40 one-, two-, and three-bedroom apartments above approximately 6,200 square feet of ground-floor commercial space. Plans also call for 92 parking spaces in a three-level subterranean garage.

The 50-foot-tall building is expected to have an exterior wrapped in vertical copper screens, providing privacy for residents while also giving the building a “shimmering” look along Wilshire. Planned amenities include a rooftop deck, co-working space, a pet spa, and a central courtyard.

“The design is organized around two strong horizontal bands that move boldly across the façade,” reads a narrative from the website of KFA Architecture, which provided the entitlement design. “The lower band floats above the ground floor, creating a protective overhand over the retail areas, and the upper band caps the residential units below. The bands are angled to open up to the glassy corner at 6th Street, which is carved back to create a space for outdoor café seating.”

According to the website of general contractor Integrare Group, Ottinger Architects is now serving as architect for 601 Wilshire.

Cypress Equity Investments, based out of Los Angeles, is also building a similar mixed-use project at 3223 Wilshire Boulevard in Santa Monica. The company is responsible for more than a half-dozen upcoming apartment buildings in Santa Monica.

This post was published on 8/11/2023 on multifamilybiz.com

MIAMI, FL – ANF Group, Inc., a full-service construction firm providing construction management, general contracting, development, and design-build services to the South Florida market, celebrated the topping out of the new Sol Vista, a 227-unit affordable senior community co-developed by MRK Partners and Cypress Equity Investments in Miami-Dade County, Florida.

“We are excited to commemorate this meaningful construction milestone that celebrates the successful completion of the project’s structural phase without any safety incident,” said Tony Fernandez, Project Executive of ANF Group.  “We are grateful to our project team and industry partners for this achievement and look forward to ultimately bringing much-needed quality housing to low-income seniors.”

Located at 11251 Caribbean Blvd. in Cutler Bay, Sol Vista will consist of one 3-story parking garage and one 8-story residential building featuring 227 mainly one-bedroom apartment homes. Unit amenities will include a wide variety of energy-efficient devices and appliances, optional in-unit laundry, central air conditioning, and balconies for select units. The building’s amenities will include on-site management, a fitness center, a community room, an outdoor patio on the fifth floor, surveillance cameras, secured building access, and common-area Wi-Fi. The community space will act as a place for gathering and socialization for the senior population. From community meals to card games, the residents will benefit from an active aging lifestyle and community. Additionally, the garage will include EV chargers for electric vehicles as they continue to grow in popularity in the future.

All apartments will be reserved for those aged 62 and older earning no more than 60% of the Area Median Income (AMI) or approximately $43,380 for one-person households or $49,560 for two-person households. The project is scheduled for completion in 2024.