Jade Enterprises eyes major multifamily project in Pasadena

263-unit complex is developer’s 3rd and largest proposal this year in LA area

Los Angeles /
Dec.December 09, 2020 11:45 AM
Daniel Taban and a rendering of the project (City of Pasadena)
Daniel Taban and a rendering of the project (City of Pasadena)

Jade Enterprises plans to develop a 263-unit apartment complex in Pasadena, in what would be its third and largest project of the year in the Los Angeles area.

The project would replace a series of small commercial buildings at 740-790 East Green Street, according to Urbanize, which first reported on the plan. The development site totals 2.33 acres. MVE + Partners is designing the project.

The units are planned as a mix of studio, one-, and two-bedroom apartments with 41 units set aside as affordable. There would also be 16,000 square feet of ground-floor retail and underground parking, Urbanize reported.

The two buildings would range between three and five stories. Each would have roof decks. The buildings are separated by a long courtyard running through the center of the site. Jade has also agreed to build a 10,500 square foot public park on the site, although designs for that have not been finalized.

If approved, groundbreaking is expected for mid-2023, with a completion date by the end of 2025.

The proposal stands as one of the larger ground-up residential projects that has been pursued in Pasadena in recent years.

In May, Jade filed plans to build a 50-unit complex in Hollywood. It is also partnering with Golden West Properties in Marina del Rey on a 172-unit building. [Urbanize] — Dennis Lynch


Related Articles

arrow_forward_ios
Rusnak Auto Group's Victoria Rusnak with   2915 E. Colorado Blvd (LinkedIn, City Staff Report, Getty)
Rusnak to build Porsche dealership in Pasadena
Rusnak to build Porsche dealership in Pasadena
(Illustration by The Real Deal with Getty Images)
Rent-controlled rates ratchet up along with inflation
Rent-controlled rates ratchet up along with inflation
Pasadena Mayor Victor Gordo with the Rose Bowl stadium (City of Pasadena, Google Maps)
Rose Bowl could benefit from Big Ten’s traveling fans
Rose Bowl could benefit from Big Ten’s traveling fans
State Senator Anthony J. Portantino (Getty Images, iStock)
State awards $23M for affordable housing in Burbank, Glendale, Pasadena
State awards $23M for affordable housing in Burbank, Glendale, Pasadena
L.A. Metro board members Sheila Kuehl, Hilda Solis and rendering of new transit stops with high-end condos in Pasadena and North Hollywood (SCNG photographers, LA Metro)
Transit agency to bank land near future rail stations to stymie gentrification
Transit agency to bank land near future rail stations to stymie gentrification
Pasadena Mayor Victor Gordo with the 710 stub (City of Pasadena, Google Maps)
Returned 710 Freeway parcel in Pasadena apt for development
Returned 710 Freeway parcel in Pasadena apt for development
Rockwood Capital's Tyson Skillings and 64 Colorado Boulevard (Rockwood Capital, LoopNet)
Price of retail deal on Pasadena’s Colorado Boulevard nears pre-pandemic mark
Price of retail deal on Pasadena’s Colorado Boulevard nears pre-pandemic mark
Coretrust Capital Partners' Thomas Ricci, Randall Scott and John Sischo; 444 S. Flower Street, Los Angeles (444 South Flower, iStock, Coretrust Capital Partners)
Coretrust leases 44K sf of offices to law firms in DTLA
Coretrust leases 44K sf of offices to law firms in DTLA
arrow_forward_ios

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

Loading...