Comstock Realty Partners is closer to making a 14-acre master-planned community in Commerce a reality. Century City-based Comstock secured $50 million in remediation financing from lender Schroders Capital linked to the Modelo residential and retail development in Commerce, Commercial Observer reported. The master-planned community is slated to include 740 multifamily pads, 45 condominium units, 65 townhomes and 179,501 square feet of retail between Interstate 5 and Slauson Avenue. The project received entitlements in 2022 to build on the entire site of Veterans Memorial Park. With the $50 million in fresh financing, Comstock will begin remediating the Veterans Memorial Park property […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico