Developer plans 123-unit SRO in Pasadena

The Arbor would have all studio units and 2.5K-sf of retail space

Los Angeles /
Jul.July 14, 2021 12:08 PM
Developer plans 123-unit SRO in Pasadena
100 E. Green Street (Google Maps)

A local developer is looking to build a 123-unit single-room occupancy complex in Pasadena.

The 86,000-square-foot building would have all studio apartments and 2,500 square feet of ground-floor retail space, according to Urbanize. Parking would be underground and at-grade.

The project site is a roughly three-quarter-acre vacant lot at 100 E. Green Street. The owner is listed as Pasadena-based attorney Steven Stathatos.

The property is directly across the street from the recently sold Bank of America building at 101 S. Marengo Avenue. Atlas Capital Group bought that monolithic office building from Woodridge Capital Partners for $72 million.

Plans for the Green Street project — called The Arbor, according to a Pasadena city report — include multiple roof decks and public open space at street level.

Single-room occupancy units are typically rented out on a month-to-month basis, generally inexpensive — or even subsidized — and often converted from hotel rooms. Rooms share facilities like kitchens, but there is no indication that such an arrangement is planned at The Arbor. [Urbanize] — Dennis Lynch https://urbanize.city/la/post/pasadena-sro-apartments-100-green-street-arroyo-parkway






    Related Articles

    arrow_forward_ios
    $25K grants target low-income homeowners for granny flat construction
    $25K grants target low-income homeowners for granny flat construction
    $25K grants target low-income homeowners for granny flat construction
    ELK Development founder Evan Kasper and renderings of 728 South Manhattan Place (ELK, OFFICEUNTITLED)
    ELK Development plans 2nd Koreatown apartment complex
    ELK Development plans 2nd Koreatown apartment complex
    Jim Rosten of Benedict Canyon Equities and The Retreat apartment complex in Santa Clarita (The Retreat, BCE)
    Benedict Canyon nabs tidy profit on Santa Clarita apartment complex
    Benedict Canyon nabs tidy profit on Santa Clarita apartment complex
    Bell Partners CEO Jon Bell and Bell Warner Center (Bell Partners, Bell Warner Center)
    Bell Partners buys 394-unit complex in Canoga Park
    Bell Partners buys 394-unit complex in Canoga Park
    Renderings of the project and Brookfield Properties Managing Partner and CEO Brian Kingston (Brookfield, Los Angeles Department of Building & Planning)
    Brookfield plans 350-unit apartment complex at Northridge shopping center
    Brookfield plans 350-unit apartment complex at Northridge shopping center
    340 S. La Fayette Park Place (Rent)
    MC Investment is buyer behind 100-unit Rampart Village complex
    MC Investment is buyer behind 100-unit Rampart Village complex
    Treehouse co-founders Joe Green and Prophet Walker and with 4421 S. Crenshaw Boulevard (LinkedIn via Walker, Warcus & Millichap, WikiMedia / Tony Maesto)
    Co-living startup Treehouse plans second complex in Los Angeles
    Co-living startup Treehouse plans second complex in Los Angeles
    Sola Impact's Martin Muoto and 11001 Vermont (LinkedIn, The Architects Collective)
    Sola Impact plans another 80-unit Opportunity Zone project
    Sola Impact plans another 80-unit Opportunity Zone project
    arrow_forward_ios

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

    Loading...