http://www.aedis-re.com/blog/rss/feedsAedis Real Estate Group was formed as a strategic alliance of innovative people with a depth of experience in many facets of affordable housing.Tue, 28 Apr 2026 13:05:53 -0700http://www.aedis-re.com/blog/post/rendering-vs-reality-modular-supportive-housing-at-12225-s-avalon-boulevard-in-willowbrookhttp://www.aedis-re.com/blog/post/rendering-vs-reality-modular-supportive-housing-at-12225-s-avalon-boulevard-in-willowbrookWILLOWBROOKKTGY-designed Hope on Avalon features 89 apartments near Magic Johnson parkAcross the street from Magic Johnson Park in Willowbrook, construction is complete for the Hope on Avalon permanent supportive housing complex.The project from Hope Street Development Group - a joint venture partnership between Aedis Real Estate Group and LSA Capital - is a modular structure which features 89 homes, ranging from 320 to 480 square feet in size, which serve as both permanent supportive housing and traditional affordable housing. Parking for 12 vehicles is also located at street level, and amenities and supportive services are provided within.The apartments, which come in a mix of studio and one- bedroom layouts, are restricted to households earning at or below 50 and 60 percent of the area median income level.KTGY is designing Hope on Avalon, its fourth modular project with Hope Street Development Group following similar supportive housing complexes on Broadway and Crenshaw Boulevard in South Los Angeles, as well as on Alvarado Street in Westlake.Magic Johnson park, located opposite Avalon Boulevard, recently underwent a $83-million renovation which added a new community event center, trails, a children's play areas, and upgraded landscaping.Tue, 24 Oct 2023 11:30:00 -0700http://www.aedis-re.com/blog/post/modular-affordable-housing-debuts-at-5138-s-broadwayhttp://www.aedis-re.com/blog/post/modular-affordable-housing-debuts-at-5138-s-broadwayKTGY-designed Hope on Broadway features 49 residential unitsMARCH 13, 2023, 9:30AM STEVEN SHARPIn a ceremony held last week, Hope Street Development Group marked the completion of its latest modular supportive housing development - Hope on Broadway.View of Hope on Broadway looking northeastGary LeonardLocated at 5138 S. Broadway is South Los Angeles, the project was built in partnership with Aedis Real Estate Group and Hoffman Management and Construction Corporation, and consists of a four-story building featuring 49 apartments on a corner lot. The housing on the second, third, and fourth floors is capped by a rooftop deck, while resident amenities and supportive services are located at street level.KTGY designed the project, which is arranged around a central courtyard, and has a monochrome metal exterior highlighted by a perforated steel entry canopy.“With this series of apartment buildings, Hope Street Development team continues to refine its unique technology with the potential to transform modular housing,” said KTGY associate principal Mark Oberholze in a statement. “Site work and foundations are done on site, while the modules – including customized interior finishes and fittings – are manufactured off-site and craned into place. As the housing crisis continues, these projects are efficiently delivering new residences and services to people very much in need.”Rooftop deck at Hope on BroadwayGary LeonardHope on Broadway is one of three under construction developments from Hope Street Development Group, joining projects now rising in Hyde Park and Willowbrook. The same team previously developed the Hope on Alvarado apartments in Westlake.Sun, 12 Mar 2023 21:00:00 -0700http://www.aedis-re.com/blog/post/new-supportive-housing-unwrapped-at-12225-avalon-boulevard-in-willowbrookhttp://www.aedis-re.com/blog/post/new-supportive-housing-unwrapped-at-12225-avalon-boulevard-in-willowbrookA modular development across the street from Magic Johnson ParkJANUARY 30, 2023, 10:30AM STEVEN SHARP More than one year after we last stopped by, the wrapping is off at Hope on Avalon, a new permanent supportive housing complex across the street from Magic Johnson Park in Willowbrook. Construction of Hope on AvalonUrbanize LABuilt by Hope Street Development Group - a joint venture partnership between Aedis Real Estate Group and LSA Capital - the project will include 89 units of permanent supportive and traditional housing, ranging from 320 to 480 square feet in size, above parking for 12 vehicles.KTGY is designing Hope on Avalon, which like all Hope Street Development Group projects to date, is composed of prefabricated modular units.The complex offers a mix of studio and one- bedroom apartments, restricted to households earning at or below 50 and 60 percent of the area median income level. Other components of Hope on Avalon include amenities and on-site supportive services. 12225 Avalon BoulevardGoogle MapsThu, 29 Dec 2022 10:30:00 -0700http://www.aedis-re.com/blog/post/two-supportive-housing-developments-unwrapped-on-crenshaw-in-hyde-parkhttp://www.aedis-re.com/blog/post/two-supportive-housing-developments-unwrapped-on-crenshaw-in-hyde-parkThey'll create nearly 140 apartmentsOctober 06, 2022, 10:30AM Steven SharpNine months after we last stopped by, the wrapping is off at a pair of mixed-use affordable housing developments in Hyde Park.Construction of Hope on Hyde ParkUrbanize LAThe first, located on a corner lot at 6501 S. Crenshaw Boulevard, is being built by Hope Street Development Group - a joint venture by HBG Construction Corp. and Aedis Real Estate Group. Hope on Hyde Park, a $40-million development comprised of prefabricated modular units, will feature 96 studio and one-bedroom apartments reserved for formerly unhoused individuals when completeKTGY the five-story building, which will also include on-site social services and a central courtyard for residents.At the time of its groundbreaking, completion of Hope on Hyde Park was expected in the second quarter of 2022.Rendering of the Depot at Hyde ParkLahmon ArchitectsJust south, the exterior of the Depot at Hyde Park has been unwrapped at 6527-6549 S. Crenshaw Boulevard.The project, from co-developers GTM Holdings and WORKS, is a five-story building which will feature 43 residential units above 1,500 square feet of ground-floor commercial space and a 22-car parking garage. Plans also call for on-site supportive services and open space for residents.Lahmon Architects is designing the apartment complex, which will cater survivors of domestic violence.The $28.9-million project was also previously expected to open in 2022.Construction of Depot at Hyde ParkUrbanize LAThe Hope Street and Depot developments aren't the only new supportive housing on the rise in Hyde Park. A few blocks west on West Boulevard, A Community of Friends broke ground in May on a similar 64-unit housing complex which is also on track to make its debut in 2022.Market-rate developments are also taking shape nearby - including a 24-unit building now rising between the Depot and Hope projects at 6515 Crenshaw Boulevard.Hyde Park (Urbanize LA)Wed, 05 Oct 2022 22:00:00 -0700http://www.aedis-re.com/blog/post/hope-on-broadway-supportive-housing-unwrapped-in-south-lahttp://www.aedis-re.com/blog/post/hope-on-broadway-supportive-housing-unwrapped-in-south-laIt was built with prefabricated modular unitsAugust 31, 2022, 12:30PM Steven SharpIn South Los Angeles, work is in the home stretch for Hope on Broadway, a new permanent supportive housing development from HBG Construction Corp. and Aedis Real Estate Group.The project, located at the northeast corner of 52nd Street and Broadway, replaced a mortuary with a new four-story building which will feature 49 studio and one-bedroom apartments and supportive services when open.Rendering of Hope on BroadwayKTGY Architecture + PlanningKTGY designed the project, which has a metallic exterior, and will incorporate amenities such as a courtyard and a rooftop deck. As with other projects from HBG Construction Corp. and Aedis Real Estate Group, the building is composed of prefabricated modular units built off site and assembled on Broadway.According to a 2020 staff report to the California Tax Credit Allocation Committee, the project was expected to cost roughly $22.2-million and offer rents ranging from $768 to $913 per month.Hope on Broadway is one of three under construction developments from Hope Street Development Group, joining projects now rising in Hyde Park and Willowbrook. HBG and Aedis previously developed the Hope on Alvarado apartments in Westlake.5123 S. BroadwayGoogle MapsTue, 30 Aug 2022 14:23:00 -0700http://www.aedis-re.com/blog/post/modular-units-assembled-at-hope-on-broadway-supportive-housinghttp://www.aedis-re.com/blog/post/modular-units-assembled-at-hope-on-broadway-supportive-housingThe Same Developer Is Building Similar Projects In Willowbrook And Hyde ParkMarch 28, 2022, 10:30 Am Steven Sharp Prefabricated modular units are now being hoisted into place at the site of Hope on Broadway, a new permanent supportive housing complex in South Los Angeles. Construction of Hope on BroadwayUrbanize LAThe project, a joint venture between HBG Construction Corp. and Aedis Real Estate Group, replaced a mortuary at the northeast corner of 52nd Street and Broadway with a new building featuring 49 studio and one-bedroom apartments and supportive services.KTGY Architecture + Planning is designing Hope on Broadway, which will have an exterior of metal and amenities such as a courtyard and a rooftop deck.The approximately $22.2-million development is expected to offer rents ranging from $768 to $913 per month, according to a 2020 staff report to the California Tax Credit Allocation Committee. 5123 S. BroadwayGoogle MapsHope on Broadway is one of three under construction developments from Hope Street Development Group, joining projects now rising in Hyde Park and Willowbrook. HBG and Aedis have already completed one project in Westlake: Hope on Alvarado.Hope on Broadway (Urbanize LA)Looking for affordable housing? Visit lahousing.lacity.org/aahr and housing.lacounty.govCalifornia's 2021 state income limitsClick here for additional affordable housing resourcesWed, 30 Mar 2022 14:24:00 -0700http://www.aedis-re.com/blog/post/modular-supportive-housing-underway-across-from-magic-johnson-parkhttp://www.aedis-re.com/blog/post/modular-supportive-housing-underway-across-from-magic-johnson-parkHope on Avalon will feature 89 apartmentsOctober 19, 2021, 1:00 PM Steven Sharp Hope Street Development Group, the joint venture partnership between Aedis Real Estate Group and LSA Capital, is at work on yet another affordable housing development - this time in the unincorporated community of Willowbrook. Avalon Boulevard elevationKTGY Architecture + PlanningThe latest project, named Hope on Avalon, is named for its location at the northwest corner of 124th Street and Avalon Boulevard. The under-construction development, which was approved by the Los Angeles County Regional Planning Commission in 2020, will include 89 units of permanent supportive and traditional housing (ranging from 320 to 480 square feet in size), as well as parking for 12 vehicles and resident amenities.KTGY Architecture + Planning is designing Hope on Avalon, which like Hope Street Development Group's earlier projects, will be mostly composed of prefabricated modular units."This singular development is comprised of two buildings that are woven together seamlessly through the use of siding and cohesive materials," reads a description provided by KTGY. "The two-story transitional building leverages screening along the facade for a heightened level of privacy. This material flows from the transitional building to the ground level of the five-story permanent supportive housing building...to bridge the aesthetic and reflect the growth and movement of the residents within. Warm-stained wood cladding at the prominent main corner entrance...creates an inviting feeling and welcomes guests in from the street." View of construction at 12225 Avalon BoulevardUrbanize LAThe project, according to an April 2020 staff report to the California Tax Credit Allocation Committee, will cost approximately $43.5 million to complete. Roughly half of its budget is accounted for by tax-exempt bonds, The studio and one- bedroom apartments within the building are to be rented to households earning at or below 50 and 60 percent of the area median income level.Hope on Avalon is one of three Hope Street projects now under construction, joining additional supportive housing developments taking shape on Broadway and on Crenshaw Boulevard. A fourth project, located on Alvarado Street in Westlake, opened last year.The Willowbrook site sits directly across Avalon Boulevard from Earvin "Magic" Johnson Park, which just completed the initial $83-million phase of its long-term renovation. 12225 Avalon BoulevardGoogle Maps Tue, 19 Oct 2021 00:30:00 -0700http://www.aedis-re.com/blog/post/aedis-real-estate-cw-driver-break-ground-on-98unit-affordable-housing-project-in-los-angeleshttp://www.aedis-re.com/blog/post/aedis-real-estate-cw-driver-break-ground-on-98unit-affordable-housing-project-in-los-angelesPosted on May 10, 2021 by Amy Works in A􀃠ordableHousing, California, Development, Multifamily, Western Located in Los Angeles, Hope on Hyde will ofler 98 aflordable residences, a central courtyard, outdoor community space and access to public transportation. (Rendering credit: KTGY)LOS ANGELES — Aedis Real Estate Group and C.W. Driver Cos. have broken ground on Hope on HydePark, an a"ordable transitional housing community in Los Angeles. The development is supported by the Los Angeles County Department of Health Services and Brilliant Corners, a nonprofit.Situated along the Crenshaw Corridor, the five-story property will o"er 98 studio and one-bedroommodular units, ranging in size from 400 square feet to 480 square feet, for residents experiencing chronichomelessness. Units will feature modern design,hardwood flooring, contemporary furniture and floor- to-ceiling windows.Community amenities will include a central courtyard, outdoor community space, on-site parking for socialservices sta", bike storage for residents, residential and support services and ground-floor retail space, as well as access to the new K Line, an 8.5-mile light rail that connects the Crenshaw district to Leimert Park,Inglewood and the Los Angeles International Airport.KTGY is serving as architect for the project, which is slated for completion in summer 2022.Take Me Out to the Ball Game: Chicago Stadiums to be at 20Percent Capacity on Opening DayFry’s Electronics Permanently Closes Business Operations, Shuttering 31 Stores, Online PresenceAnother 900,000 Americans File for First-Time Unemployment AssistanceThe Presentation Of Obsolescence Helps Commercial Property Owners Achieve Successful Tax AppealsMon, 10 May 2021 13:38:00 -0700http://www.aedis-re.com/blog/post/modular-housing-nears-the-finish-line-on-alvarado-street-1http://www.aedis-re.com/blog/post/modular-housing-nears-the-finish-line-on-alvarado-street-1New supportive housing in Westlake.Nine months after our last check in, Aedis Real Estate Group is putting the finishing touches on Hope on Alvarado, a new supportive housing development in Westlake.The five-story building, composed of prefabricated modular units, is located at the northeast corner of Alvarado and Valley Streets. The completed development will offer 84 studio and one-bedroom dwellings - ranging from 400 to 800 square feet in size - in addition to supportive service provided by Homeless HealthCare Los Angeles and a small parking garage for employees.KTGY Architecture + Planning designed the project, which includes a single-story concrete podium. The steel modules are arranged from the second floor and up around a central courtyard area.Completion of the more than $27-million project is on pace to occur this year.Aedis is planning similar modular supportive housing developments at two locations in South Los Angeles.Hope on Alvarado (Urbanize LA)Interested in finding affordable housing? Visit housing.lacity.org.Click here for additional affordable housing resources.Mon, 27 Jul 2020 10:20:00 -0700http://www.aedis-re.com/blog/post/modular-housing-nears-the-finish-line-on-alvarado-streethttp://www.aedis-re.com/blog/post/modular-housing-nears-the-finish-line-on-alvarado-streetNew supportive housing in Westlake.Nine months after our last check in, Aedis Real Estate Group is putting the finishing touches on Hope on Alvarado, a new supportive housing development in Westlake. The five-story building, composed of prefabricated modular units, is located at the northeast corner of Alvarado and Valley Streets. The completed development will offer 84 studio and one-bedroom dwellings - ranging from 400 to 800 square feet in size - in addition to supportive service provided by Homeless HealthCare Los Angeles and a small parking garage for employees.KTGY Architecture + Planning designed the project, which includes a single-story concrete podium. The steel modules are arranged from the second floor and up around a central courtyard area.Completion of the more than $27-million project is on pace to occur this year.Aedis is planning similar modular supportive housing developments at two locations in South Los Angeles.Hope on Alvarado (Urbanize LA)Interested in finding affordable housing? Visit housing.lacity.org.Click here for additional affordable housing resources.Sun, 26 Jul 2020 10:00:00 -0700