Miles at Highland
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A $45 million CVG and ELK Development collaboration in downtown Hollywood offering a 49 unit co-living space on 0.5 acres within an Opportunity Zone.
units
49
Location
Hollywood, CA
Category
Development
Dev began
March 2020
Dev Complete
March 2024
Status
Active
Type
Co-living
MOIC
%$ Return at refi
% IRR
CVG partners with ELK Development on pioneering co-living projects in Southern California. Initially providing expertise at the company's launch, CVG is now actively involved in constructing four micro-unit projects.
Collaborating with ELK Development and Sixty West, CVG is actively engaged in a 49-unit co-living development in downtown Hollywood. Situated on 0.5 acres within a downtown Hollywood Opportunity Zone, this $45 million project is designed to feature 179 furnished "micro-suites." As part of the general partnership, CVG is under contract for the development, contributing to the dynamic growth and transformation of the Hollywood landscape.
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