REBusinessOnline

$1 BILLION REDEVELOPMENT PLAN GAINING STEAM

LOS ANGELES — Gafcon has been tapped as program manager of the $1 billion revitalization of the Watts section of Los Angeles. The project centers around a redevelopment of the 700-unit Jordan Downs public housing facility, upgrading the property’s units and developing 2,100 additional living spaces. The renovation of Jordan High School and the development of new mixed-use spaces in the area are also being considered under the plan. A mix of private investment dollars, state tax credits and federal development money fuels the project.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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