Senior living developer proposes new Pasadena complex

Regency Park, which builds senior living projects, paid $12.5M for the site last fall

TRD LOS ANGELES /
Jul.July 01, 2019 12:00 PM
Regency Park Senior Living President Emil Fish
Regency Park Senior Living President Emil Fish

A local developer wants to build a 62-unit apartment complex over more than an acre in Pasadena, among a growing number of residential developments being planned in the city.

The two-building project would replace a single-story medical office building at 356 Cordova Street, according to Urbanize.

The developer is an LLC connected to Regency Park Senior Living, a local firm that builds and manages senior living facilities. City documents do not specify whether the complex will cater to seniors. Regency Park picked up the property in October for $12.5 million. It was marketed as a development opportunity and the existing leases all run out this year.

The Pasadena Design Commission reviewed a preliminary plan for the development last week. That meeting allows the design commission to suggest changes the developer can incorporate before returning for a formal hearing.

Plans call for two U-shaped buildings each with two- and three-story sections, making it shorter than some neighboring apartment complexes. Courtyards would connect the buildings. There will be 99 underground parking spaces.

Developer James Li filed also filed plans last week for a 91-unit rental complex less than half a mile away.

Pasadena-based architecture firm Moule & Polyzoides is designing Regency Park’s project. [Urbanize]Dennis Lynch 


Related Articles

arrow_forward_ios
From left: Brian Hecktman, founder and CEO of Graymark Capital and Lone Star Funds founder John P. Grayken with the building

Graymark Capital buys big Pasadena office complex in R&D hub

Justin Stewart, president and co-founder of Industrious

Co-working firm Industrious grows its reach to Pasadena

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

James Li and 141 South Lake Avenue (Credit: Google Maps)

Pasadena portfolio: Developer plans 3rd resi complex in the city

650 South Raymond Avenue (Credit: Google Maps)

The doctor is in: Medical office complex planned near Pasadena’s Huntington Hospital

Pete Kutzer and Kutzer's new Whole Foods (Credit: Linkedin)

Kutzer Company snags Whole Foods, two acres in Pasadena

EF CEO Edward Hult with William Carey campus

Faith-based university closes on sale of its Pasadena campus

Another tech firm signs big office lease in Pasadena

Another tech firm signs big office lease in Pasadena

arrow_forward_ios