An all-affordable senior housing complex in Beverly Hills is a step closer to becoming reality. The City of Beverly Hills voted Wednesday to enter into a one-year exclusive negotiation agreement with nonprofit developer West Hollywood Community Housing Corporation regarding a ground lease at 327-335 South Robertson Boulevard. “Our hope is to execute a long-term ground lease of 55 years or longer,” Anup Nitin Patel, director of real estate development for West Hollywood Community Housing Corporation, told The Real Deal. Plans call for 50 units — the minimum the developer said it needs for the project to pencil out — across […]
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