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Jake Profile
Jake

@Jakeladeveloper

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Building 500+ apartment units as developer + GC | Buying apartment communities | Entitling 4,500+ units in LA

https://t.co/YBoV0Ee7T9
Joined August 2022
Don't wanna be here? Send us removal request.
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@Jakeladeveloper
Jake
@Jakeladeveloper
10 months
We hired a full time runner whose sole responsibility is to drive to each of our projects and take videos/pictures. We ended up buying them a drone, which they have become increasingly good at using. Below is a quick snapshot of our project in Boyle Heights.
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@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
Projects with little to no parking are starting to really gain traction in LA. A developer of a project adjacent to downtown had approvals for a 122 unit mixed use site with two floors of subterranean parking approved back in 2018. In July of 2023, the Department of Building and
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@Jakeladeveloper
Jake
@Jakeladeveloper
9 months
Here is what we're dealing with in the City of LA: Own a triplex we are now redeveloping. While we are waiting on the city to get us our demo permits, We vacate the structures, fence the property and board up all of the windows with plywood. vagrants break fence and rip the wood
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@Jakeladeveloper
Jake
@Jakeladeveloper
7 months
Someone sent me a development deal in LA for $1M. Here is how I looked at it for a market rate development: It's a 7,250 SF lot zoned R3. No TOC but we can utilize the state density bonus program. After setbacks, 1st floor buildable area = ~4,350. R3 allows for a base FAR of
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
We're doing the entitlements for a 39 unit ED1 project in LA, and here is where we are at: 1) Case was submitted about 2 months ago 2) We received a hold letter from the city 3) We addressed every change/correction with the architect 4) We resubmitted to the city 5) They deemed
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@Jakeladeveloper
Jake
@Jakeladeveloper
2 months
So does anybody want to talk about the 35 story ED1 project that was just approved in LA at 5645 W Fernwood Avenue? The developer (ABS Properties) just received a letter of compliance to build a 523 unit, 35 story tower on a 15,971 SQFT lot. The project will have a total floor
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Development is hard right now. Let's analyze a deal that was just approved by city planning last week. Some project background: The site is a sloped parcel made up of approx 22,557 SQFT. It's zoned commercial and located within the Silverlake - Echo Park - Elysian Valley
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@Jakeladeveloper
Jake
@Jakeladeveloper
5 days
Every weekend, one of our jobsites in LA gets vandalized. Security, cameras, fencing, barbed wire, dogs...etc will not prevent it. This last weekend, somebody cut and stole the copper lines on the 5th floor for our HVAC system. The weekend before, somebody spray painted
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@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
Here is a new development that was just submitted in LA (in the Venice Beach area) that I am a big fan of. Great location and nice design right off Abbot Kinney. Mixed use with 36 units and 3,416 SQFT of retail in a 36,716 SQFT building and 3 floors of subterranean (60 parking
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@Jakeladeveloper
Jake
@Jakeladeveloper
8 months
We took a 42 unit apartment building and made it a 52 unit apartment building. Here is how: 1) removed 16 parking spaces from the garage 2) added 10 ADUs (accessory dwelling units). All 1 bedroom units.
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@Jakeladeveloper
Jake
@Jakeladeveloper
3 months
Big fan of the two story ADUs with a rooftop deck. The City of LA just approved one in Venice. A very functional one bedroom unit with the living room/kitchen/powder room/storage room on the ground floor, and the bedroom/2nd bathroom/office on the second floor. Nicely done.
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@Jakeladeveloper
Jake
@Jakeladeveloper
6 months
Currently, we’re building ~500 units as a GC, 51 units as developer, and entitling 3,000+ units as a consultant in Los Angeles. Here is what we’re seeing in LA: 1) Majority affordable housing. I still see a few market rate projects here and there (commonly a
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
A 41 unit apartment building was just approved in the Hollywood/Los Feliz area off Franklin. The developer utilized TOC (transit oriented communities) to get: 1) a height increase of 22 feet 2) 30% reduction in sideyard setbacks 3) 25% reduction in open space in exchange
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Newport Beach is a prime example of what happens when cities prioritize humans and not cars. Everybody is more active, they ride bikes, walk, socialize and interact with those around them. Local businesses are packed with people and neighborhoods feel safe
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@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
A high profile mixed use project in the Beverly Grove area of LA has just been approved by LA City Planning. Total of 126 units and 11,615 SF of ground floor commercial area over a 3 floor subterranean garage and 153 vehicle parking spaces (replacing a strip mall). The
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@Jakeladeveloper
Jake
@Jakeladeveloper
6 months
Somebody sent me a development site over by USC, and here is how I looked at it (using ED1): Lot area = 6,800 SQFT (approximately 137 feet by 50 feet) Purchase price = $1.2M Zoned commercial and located in the South LA specific plan and CPIO. After your setback
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@Jakeladeveloper
Jake
@Jakeladeveloper
7 months
Our construction company is building 10+ projects throughout Los Angeles. Here are a few of them: 1) Soto: 41 units 100% affordable housing. 4 stories and no parking 2) Cleveland: 9 units with 6 bedrooms each (coliving) over one floor of subterranean parking 3) Robinson: 25
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@Jakeladeveloper
Jake
@Jakeladeveloper
3 months
Repeat after me: If the city reduces the time it takes to get entitlements and build, and they also reduce the absurd amount of fees you need to pay, developers will build. As a result, supply will increase and rents will start to stabilize and come down. ED1 is the perfect
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@Jakeladeveloper
Jake
@Jakeladeveloper
2 months
Want to know who are the most active architects in LA City in the last 12(ish) months? I took a sample size of ~1,300 projects submitted to the City of LA, and below are the architects on the front lines fighting to solve our housing issue.
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@Jakeladeveloper
Jake
@Jakeladeveloper
10 months
Started demo today on our 25 unit project in Silverlake. We’re the developer here. Really excited about this one. Will be posting updates frequently.
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@Jakeladeveloper
Jake
@Jakeladeveloper
2 months
A developer currently under construction on a 53 unit apartment building at 856 Gramercy Drive has just submitted plans and applications to LA City Planning to convert the rentals to condos. I wouldn't be surprised if there are many more of these with prop 33, a measure aimed
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@Jakeladeveloper
Jake
@Jakeladeveloper
2 months
It was fun while it lasted. Goodbye ED1 and the ability to deliver new affordable housing under $250K/unit
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@Jakeladeveloper
Jake
@Jakeladeveloper
3 months
Our land use team has thousands of units we're entitling in the City of LA. In the last month, we've submitted 595 units to the LA City Planning department, all using ED1. Over the next couple of weeks, we will be submitting another 150+ units. We're only just getting
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@Jakeladeveloper
Jake
@Jakeladeveloper
8 months
My advice to anybody doing construction or development, buy a drone! Here's a look at our 26 unit site in Silverlake. All 1 bedroom units. Nearly at the top. Trying to get a roof on before the rains!
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@Jakeladeveloper
Jake
@Jakeladeveloper
3 months
A developer has just submitted plans to the City of LA for a 6 story, 26 unit multifamily project at 1500 S Wooster in the Pico Robertson area. KFA is the architect for the project. In exchange for providing 35% very low income units, the developer is requesting the following
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@Jakeladeveloper
Jake
@Jakeladeveloper
9 months
Underwriting a development deal in LA? Here is what you need to account for in Soft costs: 1) Architect (no explanation necessary) 2) Land use consultant (relevant when getting entitlements, or trying to understand zoning laws, land use policies, and obtaining approvals) 3)
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@Jakeladeveloper
Jake
@Jakeladeveloper
6 months
Rents are seriously softening. We felt it with a lot of our new units that recently came online in LA. We had less showing requests, more people bail on appts, more negotiation, more concessions, and more $$ spent on marketing. In LA, current supply makes up a relaitvely small
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Wow. Kevin Tsai (architect) doing great work as usual. Alongside @garyraybenjamin , they just submitted a new project to the City of LA. 70 units mixed use with 2,000 SQFT of restaurant space. The developer is requesting a mix of on and off menu incentives utilizing the
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@Jakeladeveloper
Jake
@Jakeladeveloper
17 days
Exciting News! Our land use consulting team received two major LA planning approvals this week: 1️⃣ 174-unit 100% affordable housing in Hollywood: 5-story, 54-ft tall From 6 existing units to 174 new homes 2️⃣ 106-unit 100% affordable housing in South LA: 5-story, 61-ft tall
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@Jakeladeveloper
Jake
@Jakeladeveloper
2 months
Pouring lightweight concrete on all floors at our 41 unit 100% affordable project in Boyle Heights. It gets poured over an acoustical/sound mat, which helps to reduce sound transmission between floors
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Here is a 5 unit condo project we're working on in Pasadena. It's a tight lot as you can see, so logistically more challenging. Each unit will have a subterranean garage.
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@Jakeladeveloper
Jake
@Jakeladeveloper
7 months
I received an ED1 deal that was nearly RTI (ready to issue permits) in LA last week. Here is how we looked at it: Lot size was 7,041 SQFt. After setbacks was 4,482 SQFt of buildable area. This site will get approved with a ton of incentives & waivers allowed under ED1,
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@Jakeladeveloper
Jake
@Jakeladeveloper
7 months
Underwriting a TOC tier 3 property in LA? Here's how to do a feasibility on your own: Take a 12,000 square foot lot as an example. It's zoned R3 and eligible for a tier 3 bonus. You could build 1 unit for every 800 square feet of land. That gives us 15 units by right. Tier 3
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@Jakeladeveloper
Jake
@Jakeladeveloper
8 months
41 units affordable housing in Boyle Heights. Continuing to work on the parapet wall for the roof Finishing up electrical for the 3rd floor. Inspection today Plumbers working on the 4th floor
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@Jakeladeveloper
Jake
@Jakeladeveloper
2 months
LA City is desperate to stop any new development. Here is another attempt to kill ED1. Tomorrow's PLUM meeting agenda includes an ordinance, which prohibits the issuance of any demo permits for any RSO (rent control) units or any covenanted affordable housing units in the
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
A new 3 story mixed use building on Ocean Front Walk in Venice was just submitted to the city. On the ground level will be 469 SF of retail and on top will be a 3 bedroom unit with 4,592 SF of residential. The site will have 6 parking spaces all at ground level. Really great
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@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
I have a friend who owns a site in South LA & they are thinking about developing it. He asked me for some help underwriting the deal as an ED1 project, and here is what we came up with: The site is ~5,200 SQFT (very small) and zoned commercial (C2) with existing commercial
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@Jakeladeveloper
Jake
@Jakeladeveloper
8 months
We invest a substantial amount of money into our estimating team and process. It takes us weeks & costs us a lot of money, but we don't charge for our estimates and clients appreciate the level of detail that goes into them. Hit me with a like and shoot me a DM if you want to see
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@Jakeladeveloper
Jake
@Jakeladeveloper
12 days
Another big week for our land use team! Just submitted TWO new affordable housing projects in South LA: - 38 unit building - 58 unit building Both are 4 story, 100% affordable, using ED1 Our team has been very active expediting projects throughout Socal.
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Another new valley project just got its approvals from the City Planning Department. 59 units with 5 extremely low income units and 84 parking spaces in a subterranen and ground floor garage. One parking space per bedroom for this project. The developer is utilizing TOC to
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Here is a new project that was just filed with LA City planning for 80 units in an 8 story building over a 3 level subterranean garage. It's across the street from the LA Cienega/Jefferson metro station and the recently built Vox residences. Developer is going the density
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@Jakeladeveloper
Jake
@Jakeladeveloper
7 months
Check out the latest drone footage from our 26 unit site in Silverlake:
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@Jakeladeveloper
Jake
@Jakeladeveloper
7 months
Great News to share: We've leased 35 of the 40 units & got word yesterday that our construction loan converted into permanent financing. 10 years fixed @ 3.55%.
@Jakeladeveloper
Jake
@Jakeladeveloper
9 months
"Wetherly Hills" Our latest project across from the four seasons in Beverly Hills. 40 units.
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Unfortunately, we had a bit of a setback yesterday. The city showed up and didn't let us pour because the street use permit for materials wasn't processed correctly. Total bummer. We've never seen the city so hawkish for something like this. Our project is off the main road at
@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
The day has finally come. We're pouring concrete for the podium deck. Lots of creativity, hard work, and team work to pour according to schedule. More videos to come throughout the day
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@Jakeladeveloper
Jake
@Jakeladeveloper
6 months
New Project Alert 🚨 43 units entitled using TOC. We'll be the GC. The site is located in a fantastic Palms location in Los Angeles. Approximately 58,150 of GBA getting built on a 19,716 SQFT lot. Good mix of 1s, 2s, and 3 bedroom units. 49 parking spaces Really excited
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@Jakeladeveloper
Jake
@Jakeladeveloper
10 months
Like myself, my father is a Developer. Leading up to 2008, he was building thousands of houses throughout Vegas and the high desert (hesperia, palmdale, victorville, landcaster...etc). He was a very large tract housing developer at the time. Things changed very quickly. He was
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Here is a fun little project we've been working on in the Marina. It's an addition of a 479 SF ADU on top of a one story garage and with a 443 SF roof deck.
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@Jakeladeveloper
Jake
@Jakeladeveloper
10 months
Below is a drone video of our project in Koreatown where we are currently excavating while simultaneously dealing with groundwater. In urban projects like ours, dewatering is vital due to high groundwater levels. It prevents hazards and ensures structural integrity. This
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@Jakeladeveloper
Jake
@Jakeladeveloper
7 months
Pretty wild views of Silverlake and downtown LA from our 26 unit project on Bellevue.
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@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
New Project Alert 🚨 - 11 units over 1 floor of subterranean parking in the 90024 zip code - Prime Westside location -30,000+ sqft and mix of 2 and 3 bedroom units - started demolition this week (video below!)
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@Jakeladeveloper
Jake
@Jakeladeveloper
6 months
Looking to grow our RE Development team! We want to hire highly motivated & hard working people. DM if you or anybody you know is interested!
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@Jakeladeveloper
Jake
@Jakeladeveloper
2 months
A developer just received approvals for a 6 story, 16 unit apartment building at 1524 S. Fairfax Ave utilizing TOC (transit oriented communities). The project architect is California Development & Design. 12 parking spaces will be provided in a subterranean garage. In
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@Jakeladeveloper
Jake
@Jakeladeveloper
2 months
A developer just submitted plans for an 86 unit, 6 story mixed use building with 5 levels of residential over one level of parking/retail and one level of subterranean at 4773 W Hollywood Blvd. In exchange for providing 14% very low income units, the developer is requesting:
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@Jakeladeveloper
Jake
@Jakeladeveloper
1 month
@BTSmithUK Goat necklace made by @janethellerfinejewelry
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Not much talk about SB1211, but I'm a fan! Introduced this year, it aims to increase the number of detached ADUs allowed on multi-family properties from 2 to up to 8, provided that the number of ADUs does not exceed the number of existing units on the lot. This bill allows
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@Jakeladeveloper
Jake
@Jakeladeveloper
3 months
A developer in LA just filed an application to the Department of City Planning for a 7-story, 70 unit TOC project at 11338 Burbank Blvd in North Hollywood. The project archiect is Maly Architects. In exchange for providing 7 extremely low income units, the developer is
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@Jakeladeveloper
Jake
@Jakeladeveloper
3 months
A developer just received approval from LA City planning for a 5 story, 56' tall11 unit multifamily building in the Westwood neighborhood off Wilkens and Ohio. Labryinth Design Studio did a great job with the design IMO. In exchange for providing 2 very low income units, the
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@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
@cpettit815 Offsite somewhere
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
We got our permit approved, and we're onsite with a crew of 24 pouring the concrete for the podium deck. We lost nearly two full weeks because of this ridiculous permit issue.
@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Unfortunately, we had a bit of a setback yesterday. The city showed up and didn't let us pour because the street use permit for materials wasn't processed correctly. Total bummer. We've never seen the city so hawkish for something like this. Our project is off the main road at
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@Jakeladeveloper
Jake
@Jakeladeveloper
3 months
Wow. Wiseman Residential swinging big in the Palms area with a new 200 unit apartment building at the corner of Motor and Palms. The developer just submitted plans to the City Planning Department for a 6 story, 200 unit mixed use project with one floor of subterranean parking.
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
The City of LA just approved a new project in South LA: 50 units utilizing TOC and designed by GA Engineering The site will have 28 parking spaces and a total of 5 extremely low income units. The Developer is requesting: 1) Reduced parking 2) Increased density 3) Increased
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@Jakeladeveloper
Jake
@Jakeladeveloper
6 days
JDJ Consulting (as land use consultant) just secured approval for a 122-unit affordable housing project in South LA! 🚧🏙️ 6-story, 63-ft tall 100% affordable units Zero-parking design near transit Open space reduction & FAR increase Proud to contribute to LA's housing
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@Jakeladeveloper
Jake
@Jakeladeveloper
2 months
Here are the most active architecture firms in the City of LA in the last 12(ish) months. I took a larger sample size here of ~1,780 projects submitted to the City of LA.
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@Jakeladeveloper
Jake
@Jakeladeveloper
2 months
Want to know who are the most active architects in LA City in the last 12(ish) months? I took a sample size of ~1,300 projects submitted to the City of LA, and below are the architects on the front lines fighting to solve our housing issue.
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
This project in Westwood (Los Angeles) was just approved. The developer utilized TOC to get 18 units (2 affordable) approved. In exchange for providing affordable units, the developer was able to get added density, floor area ratio, reduced parking, additional height, reduced
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@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
My pops has a building in Pacoima (Los Angeles) that’s 50 units. His insurance increased 5X to $100,000 with a $75K deductible. He does have zinsco electrical panels, which are really bad. It’s going to cost him $250K to replace them. Madness!!!
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@Jakeladeveloper
Jake
@Jakeladeveloper
2 months
Views from the roof deck Plumbers, electricians, and framers onsite today
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@Jakeladeveloper
Jake
@Jakeladeveloper
2 months
We have reached the top! 13 framers onsite working on the 5th floor and roof 4 plumbers continuing to work on water supply and piping for the 5th floor
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@Jakeladeveloper
Jake
@Jakeladeveloper
7 months
Trying to navigate this rain at our new project in South LA. 57 units of 100% affordable housing. Check out the footage of site activities from yesterday: We're doing a 5 foot R&R (removal and recompaction). This ensures the ground is solid & ready for construction. We dig 5
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Pouring lightweight concrete on AC platforms on the roof and in bathroom areas at our 26 unit project in Silverlake Roof railings also went up
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@Jakeladeveloper
Jake
@Jakeladeveloper
11 months
Quick progress video of our project in Koreatown. 7 stories, 80 units (coliving). Really excited about this one.
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@Jakeladeveloper
Jake
@Jakeladeveloper
7 months
Looking to develop an apartment building in Los Angeles? Here is the roadmap for your entitlements: ** This is at a basic level & is missing some critical steps. These projects especially in LA are very nuanced. You should engage with a land use consultant ** 1) Submit SB8
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Here is a new valley project that was recently submitted to the City of LA. 5 Story mixed use apartments with 168 units and 99 parking spaces. The developer utilized the state density bonus to get: 1) added density (168 from 116 allowed by right) 2) increase to Floor area
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@Jakeladeveloper
Jake
@Jakeladeveloper
6 months
Here's the power of section 8 on ED1 projects in Los Angeles (long read but worth your time): Let's analyze a site somebody sent me to give construction numbers for. It's an incredible A+ location. Approximately 120,000 gross buildable area in an 8 story building. One floor
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@Jakeladeveloper
Jake
@Jakeladeveloper
1 year
Why is nobody talking about the prevailing wage provision for AB423 and how developers of projects above 10 units will need to pay prevailing wage? That’s disastrous. Construction costs are already so high…. Stop with the nonsense and let us build!
@Scott_Wiener
Senator Scott Wiener
@Scott_Wiener
1 year
BREAKING HOUSING NEWS: Our major housing streamlining bill, SB 423, is heading to the Governor’s desk. The Senate just gave final sign off. SB 423, which build on & improves major state housing law SB 35, has huge potential to speed up housing permitting up & down the state.
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@Jakeladeveloper
Jake
@Jakeladeveloper
1 month
Scaffolding is up Plumbers working on gas installation for 3rd floor Framers continuing to work on outside of building and on the roof
@Jakeladeveloper
Jake
@Jakeladeveloper
1 month
Plumbers working on drainage in the garage and vents to the roof Fire sprinkler heads getting installed on second floor units Framers working on straight edge on side of the building and pick up work on the 5th floor
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@Jakeladeveloper
Jake
@Jakeladeveloper
6 months
Something to think about: Don't cheap out on soundproofing your building. Get your units insulated properly, consider a thicker sound mat and concrete underlayment. A finished apartment building where tenants are constantly complaining about footsteps above or loud neighbors is
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@Jakeladeveloper
Jake
@Jakeladeveloper
8 months
🚨SHOTCRETE 🚨 We're blasting the walls today with concrete at our 25 unit site.
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Recently had a neighbor appeal one of our market rate projects we’re consulting on. Her basis is that she recently installed solar panels and our building will block the sun. We reached out in good faith to see if we can come to an agreement. Her response? $100K and I will
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@Jakeladeveloper
Jake
@Jakeladeveloper
1 year
Rents for class A apartments in LA have SLUMPED. Our latest project on Beverly Hills/LA border has had challenges leasing up units. Less showings, more concessions, prospects negotiating rent big time, and very slow lease up. We’ve had to lower rents and probably will again soon
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@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
The market has really shifted since interest rates have increased. Many large scale projects (even after spending millions in design, fees, and preconstruction) have paused or stalled, as developers rethink the decision to build. One in particular is a 243 unit mixed use
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@Jakeladeveloper
Jake
@Jakeladeveloper
2 months
Call me crazy, but the City of LA specifically states in official documentation (implementation memo of AB2345) that they will allow eligible applicants to request additional waivers for 100% affordable projects (ED1)... Their position on granting only 5 incentives + 1 waiver
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@Jakeladeveloper
Jake
@Jakeladeveloper
3 months
Progress update on our 25-unit in Silverlake 🚧 Concrete Sub: Crew of 8 onsite continuing to remove temporary shoring HVAC: 2 techs are prepping for ductwork by marking openings on the 3rd floor Framers: 10 framers finishing the sheathing on the 4th floor and are now securing
@Jakeladeveloper
Jake
@Jakeladeveloper
3 months
Concrete sub back onsite today to remove the temporary shoring for the deck. 13 framers onsite continuing joists and sheathing on the 3rd floor
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@Jakeladeveloper
Jake
@Jakeladeveloper
3 months
My dad is so difficult when it comes to gifts. He’s very picky & HATES getting them, so yesterday he sent the family the below text: “FYI. For Father’s Day I would like to go to Wallys in SM. For sake of simplicity I would like 2 polos and 2 short sleeve button down shirts from
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@Jakeladeveloper
Jake
@Jakeladeveloper
3 months
More multifamily coming to koreatown in LA. A developer just submitted plans to the City Planning department for a 33 unit TOC project at 806 S Manhattan Place. Archeon Group is doing the design. The site will be 7 stories with 29 market rate units and 4 extremely low
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@Jakeladeveloper
Jake
@Jakeladeveloper
1 month
Super stoked for Simone and USA. Also STOKED for my mom and sister who made this Goat necklace for Simone! Check them out @ janethellerfinejewelry! They do amazing work
@BleacherReport
Bleacher Report
@BleacherReport
1 month
Simone Biles rocking a goat chain under her gold medal is too tough 😤🐐
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@Jakeladeveloper
Jake
@Jakeladeveloper
7 months
New Project Alert 🚨 We just started another ground up apartment building in Los Angeles. 4 Story, 57 units, 100% affordable in South LA. Just the GC on this one. Drone video below of the progress so far. Working on ABC slot cuts.
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@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
LA continues to make being a property owner VERY difficult
@trdsocal
The Real Deal California
@trdsocal
5 months
LA judge strikes down SB9, the California law that allows homeowners to split lots and build duplexes
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@Jakeladeveloper
Jake
@Jakeladeveloper
3 months
This is interesting. The City of LA just approved a new project where the owner will be adding a new 3 story building with 6 units to the rear of a property that already has existing (historic) buildings with 12 units. The 19,000 SQFT lot is zoned RD1.5, which allows for 13
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@Jakeladeveloper
Jake
@Jakeladeveloper
6 months
We're doing some estimating for an owner of a site in a prime westside location. He acquired the site 6 or so years ago and things have changed dramatically since then. He asked me what I would do if I were him, and I told him let's look at the numbers first: They paid ~$4M for
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@Jakeladeveloper
Jake
@Jakeladeveloper
1 year
One of our East Hollywood projects. 30 units with ground floor retail.
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@Jakeladeveloper
Jake
@Jakeladeveloper
4 months
Progress video of our project in the Palms/Culver City area.
@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
Crew of 7 onsite at our Palms project. 43 units. Excavating and lagging on the NE perimeter of the site. Lagging involves placing support structures and preventing the soils from collapsing. Concrete sub will begin shortly.
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@Jakeladeveloper
Jake
@Jakeladeveloper
7 months
Top floor of our 26 unit project in Silverlake. Rooftop views of the hills will be INSANE! Across the street from one of CIMs latest projects, “the Dillon.” An express target just opened up across the street. That’s always a good indicator the area is improving
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@Jakeladeveloper
Jake
@Jakeladeveloper
8 months
Because of ED1 in Los Angeles, market rate projects are taking SIGNIFICANTLY longer to get RTI. What used to take 14-16 months is now taking 16-20 months, if not even longer. A client even paid expedited fees ($20k+) which supposedly would get you a letter of determination within
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@Jakeladeveloper
Jake
@Jakeladeveloper
6 months
Our land use team has 42 active entitlement projects (all ground up apartments). That’s over 2,500 units in the City of Los Angeles alone. 80% of them are 100% affordable housing projects using ED1. We figure our construction company will bid 90% of these projects, and get a
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@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
So often, "Developers" or those coming from the value add/flipping world & seeking to develop will not account for soft costs. Big mistake. Your architects & engineers will be involved during construction, I promise. RFIs need to get addressed, and your engineer's time is not
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@Jakeladeveloper
Jake
@Jakeladeveloper
3 months
City of Santa Monica's Housing Progress:
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@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
LA Mayor Bass has introduced the LA4LA initiative, which urges wealthy residents to contribute to a fund to help the city acquire more properties for housing the homeless. Looks like the City of LA is starting to syndicate some deals!
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LA Mayor Delivers State Of The City Address, Introduces Capital Campaign To Fight Homelessness

Mayor Karen Bass introduced a new capital campaign called LA4LA, through which the city would seek private and philanthropic funds to address homelessness.

laist.com
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@Jakeladeveloper
Jake
@Jakeladeveloper
10 months
Sneak Peek Alert. Here's a glimpse of our construction schedule for a groundup apartment building in LA. Want the full schedule? Join my newsletter () and shoot me a DM. I regularly share insights on construction, development, and land use.
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@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
A crew of 25 today tying rebar today for the upper layer.
@Jakeladeveloper
Jake
@Jakeladeveloper
5 months
Electrician continuing to run conduits today and tomorrow Inspection scheduled for Thursday Will start top layer of rebar & installation of anchor bolts and depressions on Friday (19th) and finish by the 26th. Deputy & engineer will stop by the 26th and we will call for city
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@Jakeladeveloper
Jake
@Jakeladeveloper
9 months
@JWurzak just use the same variances the other developer used to add more floors to your hotel, enough where your rooftop has unobstructed views again :)
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@Jakeladeveloper
Jake
@Jakeladeveloper
1 year
Finishing 1st floor framing at our East LA site. 41 units, no parking, affordable, 4 stories. Just the GC here.
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