Transforming underutilized
properties.
Thrive Living transforms the properties we acquire into new, modern housing communities featuring high-quality units with the latest amenities and beautiful shared community spaces.
Read about four featured properties below:
5035 Coliseum
5035 Coliseum is an underutilized five-acre site in the Baldwin Village community of Los Angeles. The property is within walking distance of the local Expo/ La Brea rail station which provides connectivity to the entire region.
Partnering with neighborhood leaders, we’re working to activate the site with high-quality housing, enriching programming, and a quality community-oriented national retailer on the ground floor.
5035 Coliseum will provide hundreds of new housing units, including affordable units. Working with local leaders, 5035 Coliseum is developing a local hire program for construction. We are also working with many non-profits to develop enriching programming in our community spaces.
Unique features of 5035 Coliseum include:
5 central interior courtyards and a landscaped walking path.
A rooftop pool, a full basketball court plus 2 half courts, and various climbing and play structures.
Indoor/outdoor fitness area.
Outdoor area for community movie nights.
Community gardens for residents to grow their own food.
Interior amenity spaces allocated for community classes, tutoring, mentorship, and studying.
Secure parking.
1457 North Main Street
Thrive Living is proceeding with plans to build a 6-story, 376-unit mixed-use apartment complex north of Downtown Los Angeles that will help meet the urgent need for more affordable housing in Los Angeles.
The mixed-use project, which recently broke ground, will replace a decades-old food processing facility with 376 apartment beautifully-designed for low-income and middle-income households earning up to 80% of Area Median Income (AMI). The building will also welcome individuals with Housing Choice Vouchers.
The project will be delivered with the support of JPMorgan Chase, who provided a $68.5 million construction loan for 1457 N Main Street – JPMorgan Chase’s first construction loan to a 100% rent- and income-restricted workforce housing multifamily community.
Located at 1457 N. Main Street, the building is a short walk from the Los Angeles State Historic Park and dozens of shops, restaurants, and other community amenities.
As with all Thrive properties, the Main Street location will offer dynamic, community-serving areas that enrich the living experience. Resident amenities will include a landscaped roof deck – including a BBQ and dining area with seating – gym, recreation room, Amazon package room, and business center.
Parking will be located below the building and will include EV charging stations.
See live snapshots of construction at 1457 N. Main Street
740 Alvarado
Completed in 2021 and located one-tenth of a mile from the Westlake / MacArthur Park Metro Station, 740 Alvarado features a mix of subsidized and non-subsidized workforce housing utilizing modular construction. In all, the property includes 9 units for extremely low-income households, with the balance of the 80 residential units being offered at affordable rent levels. Resident amenities include a gym and a landscaped rooftop deck. In 2022, the property was sold to the City of Los Angeles.
4252 Crenshaw
Thrive served as an investor in 4252 Crenshaw, located in the heart of the Crenshaw Corridor.
This property’s characteristics reflect Thrive’s core values: a high quality, amenity-rich, transit-oriented development offering a mix of subsidized and non-subsidized workforce housing at affordable rent levels. Near Leimert Park and within close walking distance of Metro’s E-Line, the 111-unit property includes 13 extremely low-income units and features a modular design that optimizes living spaces. Community-serving features include a grilling area, green space with picnic tables, a landscaped courtyard and business center. In accordance with the City of Los Angeles’ Transit-Oriented Communities guidelines, the development’s bicycle storage and close proximity to the E Line promote mobility options for residents.
