Korda Group Sells Echo Park Development Site

  |     |   Sales

The Korda Group is pleased to anounce the sale of 951 Stadium Way, an entitled development site on the 110 freeway close to Dodger Stadium. The Site was entitled for 158 units but can be rezoned under the Transit Oriented Communities (TOC) program. Company President Robert Korda said: “We were able to complete this sale in the midst of the Coronavirus pandemic with a significant return on our initial investment in a short five year hold period.” The Company plans to redeploy the capital into an existing multi-family deal amid a challenging environment for new development in Downtown Los Angeles. The sale was brokered by Team Lustig-Bower of CBRE.

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