Cityview, a vertically integrated multifamily investment management and development firm, has broken ground on its new multifamily development, South Bay X. Acquired in partnership with Stockbridge, South Bay X is a fully entitled development opportunity for sustainable multifamily housing in Gardena, California. Featuring 265 workforce units with a combination of studio, one- and two-bedroom apartments ranging from 510 to 1,197 square feet, South Bay X lies adjacent to a growing number of tech employers including a SpaceX, the Tesla Design Center and Ring.
“With so many new employers coming to the South Bay neighborhood, South Bay X is an essential and welcome addition to our community that will ensure continued economic growth for the City of Gardena,” said Gardena Mayor Tasha Cerda. “We’re grateful for Cityview’s expertise in sustainable multifamily development and knowledge of the surrounding area as our community grows. We look forward to continued collaboration with this highly experienced team as we bring to life our shared vision of quality sustainable housing in this high-growth, transit-oriented neighborhood.”
The groundbreaking event featured public remarks from CEO Sean Burton, Cerda and various city department leaders and dignitaries in support of South Bay X for the additional housing and quality jobs it will provide to fortify Gardena’s booming economy.
“With its unique culture and burgeoning job market, the City of Gardena is quickly becoming an epicenter for young professionals in the tech, aerospace, automotive and ecommerce industries, and we are excited to do our part to provide much-needed workforce housing to this vibrant community,” said Sean Burton, CEO, Cityview. “This community has been incredibly warm and welcoming, and we’re honored to be a part of it.”
Located at 12850 Crenshaw Boulevard, the transit-oriented development is surrounded by a diverse mix of employers. South Bay X offers convenient access to Interstate 105, is two blocks from the LA Metro Green Line and less than five miles from Los Angeles International Airport (LAX). Residents will also have easy access to a variety of local attractions including Sofi Stadium, beaches and retail and dining venues.
After breaking ground several months ahead of schedule, South Bay X is anticipated to be completed in early 2025. The project is expected to create upward of 1,000 jobs during its development.
