LOS ANGELES — Union Village, a new $50-million luxury community, has broken ground in Pasadena. The Class A community will be located on a 1.2-acre site at the intersection of Union Street and El Molino in the city’s Playhouse District.
The two-building project will contain 118 residential units and 7,600 square feet of ground-floor retail space. It is scheduled for completion in January 2016.
The community is being developed by a joint venture between Mack Urban and Mill Creek Development Company. Cigna Investment Management is also acting as an equity partner. This is the second project between Cigna and Mack Urban.
Mack Urban will manage the development, along with Kenneth McCormick of Mill Creek Development Co., the site’s previous owner. Union Village will be designed by RTKL Associates.