Elysian, Capstone go 100% affordable for Warner Center apartment project
Elysian Housing and Capstone Equities are planning to build a new affordable housing development in Woodland Hills. Los Angeles-based Elysian Housing and New York-based Capstone Equities purchased 21155 Califa Street, L.A. Business First reported. A one-story, 35,000-square-foot commercial building at the site would be demolished to make way for more than 300 units of income-restricted housing. Terms of the transaction, including price, were not disclosed. Elysian and Capstone plan to erect 316 affordable units across seven stories on the 2.7 acre property. The proposed project is tied to the largest new construction permit of the first week of this month, […]This article originally appeared on The Real Deal. Click here to read the full story.
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