Los Angeles City Councilor Eric Garcetti joined Mark Walther and Frank Fonseca, principals of developer American Communities and Century CEO Ron Griffith helped to celebrate the groundbreaking for The Gordon, our eighth partnership of Century and AC. Joining them were other key partners in the development – Rushmore Cervantes of the Los Angeles Housing Department; Richard Prantis of PSL Architects; Maria Maynard of Bank of America; and Mark Rasmussen of CCRC. The Gordon’s 21 apartments for very low income families will be completed, with LEED Gold certification, and open to residents in the fall of 2013.
Century’s involvement with The Gordon, through a $1.07 million site acquisition loan, continues our nearly 10-year relationship with American Communities. Since 2003 Century has invested $15 million in American Communities’ developments in Koreatown (Harvard Heights, The Hobart, The Serrano, The Ardmore), Westlake (Carondelet Court, Bonnie Brae Apartments) and Crown Hill (Witmer Heights).