In June 2005 Urban Partners completed ground lease and sublease transactions with The Shammas Group and University of Southern California (USC) and formed a joint venture with Blackstone Real Estate Advisors to develop 421 rental housing units for USC students and faculty with a parking garage and ground floor retail space on a site adjacent to the
USC campus.
Keller CMS will provide construction management services.
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DEVELOPMENT
Urban Partners
Real Estate Capital Partners
The Shammas Group
Blackstone
Real Estate Advisors
DESIGN
Togawa Smith Martin Residential
CONSTRUCTION
Clark Design/Build of California
CONSTRUCTION SCHEDULE
Construction start 2008
Completion 2010
PROGRAM
program
Urban infill, mixed-use, transit-oriented development
421 student apartments
83,000 sf retail space
11,000 sf student facilities
1,210 parking stalls
Light rail station (adjacent)
Full amenity package