The Baxter
Investment Overview
In 2019, CGI+ purchased 1818 Cherokee, previously used as a surface parking lot for the adjacent historic property The James. After initially planning to build 53 units on the site, CGI+ was able to secure final approval to develop an 86-unit apartment building The Baxter on the site. The project broke ground in 2021, with completion slated for fall 2023 with a 6-month lease up period.
Transaction Details
| Property Address: | 1818 N Cherokee Ave, Los Angeles CA |
| Acquisition Date: | December 2019 |
| Investment Type: | Residential Development |
| Asset Type: | Luxury multi-family and extended-stay |
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86 Units |