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LOS ANGELES, July 01, 2022 (GLOBE NEWSWIRE) — City viewa leading multi-family investment management and development firm, today unveiled the new name for its Opportunity Zone project located at the intersections of Adams Blvd and Grand Ave in Los Angeles as Jasper. The name was revealed in an original urban poem by street poetsand the vision was shared for this planned LEED Silver project to be the newest address for creating places with easy access to public transport, jobs and entertainment.

“We have a long and proud history of successfully developing projects in areas subsequently designated as Qualified Opportunity Areas, and our expertise makes projects like Adams & Grand a natural fit for our strategy of delivering quality housing. in high growth areas close to employment centers,” said Sean Burton, CEO of Cityview. “At Cityview, we are also committed to sustainability, and Adams & Grand will achieve LEED Silver certification, achieving a 20-30% improvement in efficiency compared to other similar non-green buildings.” He added, “With this property, we were able to provide over a thousand jobs, 30% of which were local hires.

Cityview revealed the property’s new name during an original and engaging celebration where community members and local businesses were the first to learn of the property’s new name by listening to an original poem by Street Poets, while tasting delicious bites of LA Heritage caterer, a soundscape punctuated by jazz Los Angeles Diamond Trio and street art reflecting the culture of the city. Among the speakers were Burton and Curren D. Price Jr.member of the Los Angeles City Council for District 9.

Nestled in the urban, diverse, and thriving community adjacent to the University of Southern California and less than two miles from downtown Los Angeles, Jasper is a seven-story apartment building with 296 units, including 25 designated units very affordable and three designated moderate-income affordable. . The property, which is one block from the 23rd Street subway station, features 5,000 square feet of retail space and a host of amenities, including two rooftop terraces with sweeping downtown views. city ​​of Los Angeles, a CV Works business center, a two-story clubhouse, expansive fitness center, movement studio, resort-style pool and spa deck, and pet park and wash station. company. The highly anticipated mixed-use development began construction in January 2021 and is expected to be completed ahead of schedule in early 2023.

About City View Founded in 2003, Cityview is a vertically integrated real estate investment management and development company focused on workforce and accessible housing in the high-growth markets of the western United States. Specializing in the development, acquisition and operation of value-added multi-family and mixed-use projects, Cityview creates sustainable housing options by transforming areas, turning cities into communities, people into neighbors and homes into homes. . Cityview investments have generated nearly $5 billion in urban investment across more than 130 projects to date. For more information, visit cityview.com.

Media Contact:Marisa ValbonaIdea Room 619-708-7990[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/07e57b4e-8fc6-4b97-8b24-3878df34eb0a

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Cityview Unveils New Name for Its Opportunity Zone Project, Jasper

Pictured L-R: Cityview CEO Sean Burton, Alyesha Wise-Hernandez and Board Member Price

Source: city view