A $28.4-million, 10-year bond-financed construction and permanent mortgage loan from the National Bank of Canada has been arranged by George Smith/Grubb & Ellis Financial Services for The Skyline at South Park.
Skyline II, as the project is called, will have 270 apartments in a 14-story tower, a 5-level parking structure with 457 spaces and a 3-story building with 32,950 square feet of office/retail space.
More than $10 million will be provided by the Los Angeles Community Redevelopment Agency toward the development, according to Meenas Manjikian, executive director of the CRA. Daniel Dworsky Architect & Associates, Los Angeles, is the architect; Morley Construction Co. is the general contractor.
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