Bank Site Makes Way for Seniors

So many folks wanted to get Ramona Park into the Guinness Book for the most people holding a ribbon at a grand opening ceremony, there wasn't enough ribbon for the fellow on the left. The affordable seniors apartment community just opened in Long Beach. The project was developed by DL Horn & Associates in association with WCH Affordable IV and PC Long Beach Developers. Irvine-based WNC, a national investor in real estate and community renewal projects, provided $6.9M in low-income housing tax credit equity.

A vacant former bank property was demolished to make way for Ramona Park. According to WNC COO Michael Gaber, the creative reuse of the site was a collaborative effort involving input from the neighborhood and city planners. Located at 3290 E Artesia Blvd, the three-story building contains 60 units with the ground floor serving as a parking garage.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Developers Riding The Surf Park Wave With Resorts, Retail And Residences

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines