Student housing developer plans resi complex near USC

The 129-unit project will include a portion of the units as affordable amid high student housing costs

TRD LOS ANGELES /
Mar.March 05, 2019 03:00 PM
Chris Elsey, owner of Elsey Partners and 1320 West Jefferson Boulevard (Credit: Google Maps)

A developer of student housing is moving forward with a plan to build 129 units in Exposition Park, just west of USC.

Prime Place, a Kansas-based development firm, filed an application last year to build the project at 1320 W. Jefferson Boulevard. The case is still pending, but an earth-moving permit was filed this week with the city’s building department.

Thirteen of the units will be designated as affordable housing. The project qualifies for tier-3 incentives from L.A.’s Transit-Oriented Communities program, which was created to give bonuses for projects that include affordable housing near transit stops. The project applicant, Bryan Elsey with Elsey Partners LLC, is requesting bonuses related to height, open space and setbacks.

Student housing in California has become so unaffordable that some universities are desperate to find ways to cut costs for students. At UC Berkeley, for example, graduate students now can be matched with retirees who have extra space in their homes.

Other universities in Southern California are also working on housing solutions. LMU announced plans last year for two new structures with more than 600 beds. Developers filed plans for a 16-story project with up to 462 beds near UCLA. Southwestern Law restarted a 133-unit dorm project in Koreatown. A 128-unit project is set to rise near Cal State Northridge. And USC filed plans for a 79-unit building.


Related Articles

arrow_forward_ios
Scott Gale and a rendering of the project

Ventus Group can break ground on its $455M Exposition Point project outside USC

Ventus Group can break ground on its $455M Exposition Point project outside USC
Some California college students are cutting big checks to their landlords to break leases (Credit: iStock)

College students pay up to break leases and ditch dorms

College students pay up to break leases and ditch dorms
UCLA’s massive student housing project that will add an estimated 5,000 beds is rising over Westwood.

UCLA’s $900M student housing project will add 5K beds at Westwood campus

UCLA’s $900M student housing project will add 5K beds at Westwood campus
Sares-Regis Principal William Thormahlen & photo of Wakaba LA

In latest deal, Sares-Regis sells Little Tokyo resi complex for $116M

In latest deal, Sares-Regis sells Little Tokyo resi complex for $116M
Geoff Palmer proposes building 15-story apartment tower at 2321-2327 South Flower Street (Credit: Getty Images, Google Maps)

Geoff Palmer plans 280-unit apartment tower in South LA

Geoff Palmer plans 280-unit apartment tower in South LA
A building in the property portfolio

Student housing operator buys apartment portfolio near USC

Student housing operator buys apartment portfolio near USC
The late owner Irvin Kanthak and (From top left, clockwise) Hoover Place at 720 Hoover Street, 966 South Hoover Street, 738-742 West 27th Street, and 2823 Orchard Avenue

A 10-property apartment portfolio near USC and Koreatown hits the market

A 10-property apartment portfolio near USC and Koreatown hits the market
A rednering of the project and EF CEO Edward Hult (Credit: The City of Pasadena)

Private boarding school approved for Gensler-designed student housing complex in Pasadena

Private boarding school approved for Gensler-designed student housing complex in Pasadena
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...