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CBG Building Company Begins Roofing on Mixed-Use Community in Los Angeles

The Pearl on Wilshire in Koreatown On Track to Finish Ahead of Schedule
April 3, 2017

LOS ANGELES, Calif.—CBG Building Company began roofing today on CityView's The Pearl on Wilshire, a 346-unit luxury apartment community located in Los Angeles's Koreatown neighborhood. The podium community will feature nearly 8,000 square feet of ground floor retail and underground parking.

CBG Building Company Begins Roofing on Mixed-Use Community in Los Angeles Press Release Image

The Pearl on Wilshire

CBG employed strategic coordination and skilled subcontractors to finish the building's structure one month and a half ahead of schedule, despite greater-than-average rainfall for the Los Angeles area.

"CityView is very excited with our current construction progress," said Michael Schwartzman, vice president of development at CityView. "We look forward to project delivery next spring."

CBG topped out The Pearl on Wilshire's concrete structure on schedule in October before completing the building's framing ahead of schedule. Following the roofing's completion, CBG will install interior drywall and finishes. When complete, The Pearl on Wilshire will offer residents studio, one-, and two-bedroom apartments, including penthouses, across seven stories.

"We are proud to enter the roofing stage on schedule," said Mike Holk, senior vice president at CBG. "The project team's collaborative, team-oriented approach and dedication to efficiency positions The Pearl on Wilshire on track to reach substantial completion on schedule."

In addition to The Pearl on Wilshire, CBG's current luxury housing portfolio includes Studio Plaza, an 11-story mixed-use community in Silver Spring, Maryland, scheduled for completion in April 2019; Vitruvian West, a LEED Silver community in Addison, Texas, scheduled for completion in June 2018; and Sherman Avenue Apartments, a mixed-use LEED Gold community in Washington, D.C., scheduled for completion in April 2018.

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About CBG Building Company

Through a relentless pursuit of innovation, a steadfast commitment to quality, and active collaboration with clients, CBG has been delivering award-winning communities from coast to coast for more than 25 years. CBG's professional construction team builds more than 4,000 homes each year, providing high-quality, responsive service backed by a significant bonding capacity and national resources. CBG's experience spans a diverse portfolio of geographic areas and product types, including luxury, mixed-use, and affordable housing apartments, as well as campus housing, military family communities, and senior living facilities. Together, we draw on the knowledge gained through building more than 80,000 housing units since 1992. For more information, visit www.cbgbuildingcompany.com.

About CityView

CityView is a premier investment management and development firm which targets complex multifamily housing opportunities in densely populated urban markets primarily in the Western United States. The firm prides itself on its ability to be a part of revitalizing neighborhoods within metropolitan areas while at the same time striving to generate meaningful returns for its institutional investors. For more information, please visit www.cityview.com.