Elevé Lofts & Skydeck, a new 208-unit multifamily project targeting "Generation Y" tenants between 20 and 34 years old, is on track for delivery in early spring.
AMF Development, LLC, the development arm of American Multifamily, Inc., a Huntington Beach, CA-based design-build firm, recently topped out the 170,000-square-foot mixed-use project on the corner of Maryland Avenue and Broadway in Glendale, CA’s Arts & Entertainment District.
"This concept is designed specifically to appeal to young professionals who would rather live in a smaller, yet well-designed apartment set in a vibrant, hip and social community," said Alan Dibartolomeo, chief development officer of AMFD. "Given the pent-up demand for this type of housing in Glendale as well as many other urban areas, the timing is right."
The firm is targeting the Gen Y demographic in part based on a research project completed for AMFD by The Futures Company indicating that 62% of the respondents would rather live in a studio apartment alone rather than in a larger space with a roommate, even if it cost up to $300 a month more.
The project designed to LEED Silver specifications are space efficient, with the introduction of micro-one bedroom units, including a kitchen, bath, living room and bedroom with closet in under 400 square feet. It includes a 26,000-square-foot sky deck entertainment space on the roof.