LOS ANGELES, CA. Following a student housing market and demand study and student housing rental market analysis conducted by The Scion Group, Spectrum Group Real Estate will begin development of student housing in The Fig, a modern mixed-use project located adjacent to historic Exposition Park, steps away from the University of Southern California’s University Park campus.
The project, located on a 4.4-acre site at the 3900 block of Figueroa Avenue, will include a hotel plus mixed-income and student housing. The seven-story, 222-unit student housing complex is scheduled to open for Fall 2020 and will include ground level retail space, two restaurants, outdoor dining and recreational facilities.
Founded in 2006, Spectrum Group Real Estate is a real estate investment and development management firm with a diverse portfolio that includes mixed-use, subdivisions, multi-family, retail, office and industrial properties.