{"id":1004203349,"date":"2018-01-11T11:04:18","date_gmt":"2018-01-11T19:04:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004203349"},"modified":"2022-12-09T01:23:57","modified_gmt":"2022-12-09T09:23:57","slug":"ventus-group-to-develop-300m-mixed-use-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/","title":{"rendered":"Ventus Group to Develop $300M Mixed-Use Project"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004203362\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004203362\" data-attachment-id=\"1004203362\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/34-096-the-fig-rendering-visionscape-imagery-for-release\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg\" data-orig-size=\"800,624\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1515508210&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"34-096 The Fig Rendering (VisionScape Imagery) For Release\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg?w=800\" class=\"wp-image-1004203362 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg\" alt=\"Rendering of The Fig\" width=\"300\" height=\"234\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg?resize=300,234 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg?resize=768,599 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004203362\" class=\"wp-caption-text\">Rendering of The Fig<\/p><\/div>\n<p>Ventus Group\u2014a developer of innovative core real estate destinations\u2014has started its search for joint venture equity partners, to develop The Fig, a $300 million <a href=\"https:\/\/www.commercialsearch.com\/news\/entertainment-venue-opens-at-350m-al-mixed-use-development\/\">mixed-use development<\/a> in Los Angeles. The company has selected Eric Bergstrom of Bergstrom Capital Advisors Inc. as the exclusive real estate capital market advisor.<\/p>\n<p>Located at 3900 Figueroa Ave. on approximately 4.4 acres, near the USC campus and the new $700 million USC Village project, The Fig will mark the second largest mixed-use development in the area. The project will be situated south of Los Angeles Convention Center, within minutes to the University of Southern California campus and adjacent to the 160-acre Exposition Park. Additionally, The Fig is walking distance to the Metro Expo Line and Blue Line, as well as several bus lines.<\/p>\n<h2>Breaking Down The Fig\u00a0<\/h2>\n<p>The seven-story development will consist of approximately 408 units, of which 104 will be market-rate, 82 affordable and 222 set aside for student housing. The project will also include more than 74,000 square feet of commercial space\u2014including retail, office and outdoor dining spaces\u2014and a 298-key branded hotel. Additionally, other amenities include a large outdoor plaza, an activity lawn, fitness center and rooftop swimming pool.<\/p>\n<p>The seven-story hotel will include amenities such as ample retail, restaurant and bar uses, a fitness center, a swimming pool terrace with a dining area and a bar, as well as meeting space. The student housing project will feature a seven-story building with ground-level retail space, two restaurants and outdoor dining. Additional amenities include a state-of-the-art fitness center, lounge, swimming pool, basketball court and sun terrace.<\/p>\n<p><em>\u201cThe Fig will serve as a multi-generational\u00a0staple in the overall fabric of the USC\/Exposition Park submarket of Los Angeles by creating more housing and providing neighborhood-serving hospitality, office and retail destinations,\u201d<\/em> John David Booty, executive vice president\u00a0of Ventus Group, said in a statement. <em>\u201cWe have raised a total of $32 million in capitalization to date to assemble, entitle and design a one-of-a-kind destination, which will deliver long-term value to investors. We are now launching a search for joint venture equity partners to build-out the project.\u201d<\/em><\/p>\n<p><em>Rendering\u00a0courtesy of Ventus Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 4.4-acre project will consist of 408 residential units, approximately 74,000 square feet of commercial space and a 298-key hotel. The residential component will also include 82 affordable units. <\/p>\n","protected":false},"author":436,"featured_media":1004203362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1594,21752,21742,15],"tags":[38846],"class_list":["post-1004203349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-los-angeles","category-mixed-use","category-latest","category-west","tag-ventus-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ventus Group to Develop $300M Mixed-Use Project - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ventus Group to Develop $300M Mixed-Use Project\" \/>\n<meta property=\"og:description\" content=\"The 4.4-acre project will consist of 408 residential units, approximately 74,000 square feet of commercial space and a 298-key hotel. The residential component will also include 82 affordable units.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-11T19:04:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:23:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"624\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/\",\"name\":\"Ventus Group to Develop $300M Mixed-Use Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg\",\"datePublished\":\"2018-01-11T19:04:18+00:00\",\"dateModified\":\"2022-12-09T09:23:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg\",\"width\":800,\"height\":624},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ventus Group to Develop $300M Mixed-Use Project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8\",\"name\":\"Adina Rogoz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78\",\"caption\":\"Adina Rogoz\"},\"description\":\"Adina Rogoz is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2016 and is writing real estate related news, blog articles, reports and Q&amp;As. \ud83d\udce7 You can reach out to her at adina.rogoz@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adina-rogoz\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ventus Group to Develop $300M Mixed-Use Project - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/","og_locale":"en_US","og_type":"article","og_title":"Ventus Group to Develop $300M Mixed-Use Project","og_description":"The 4.4-acre project will consist of 408 residential units, approximately 74,000 square feet of commercial space and a 298-key hotel. The residential component will also include 82 affordable units.","og_url":"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-01-11T19:04:18+00:00","article_modified_time":"2022-12-09T09:23:57+00:00","og_image":[{"width":800,"height":624,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg","type":"image\/jpeg"}],"author":"Adina Rogoz","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/","url":"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/","name":"Ventus Group to Develop $300M Mixed-Use Project - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg","datePublished":"2018-01-11T19:04:18+00:00","dateModified":"2022-12-09T09:23:57+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg","width":800,"height":624},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/ventus-group-to-develop-300m-mixed-use-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Ventus Group to Develop $300M Mixed-Use Project"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8","name":"Adina Rogoz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78","caption":"Adina Rogoz"},"description":"Adina Rogoz is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2016 and is writing real estate related news, blog articles, reports and Q&amp;As. \ud83d\udce7 You can reach out to her at adina.rogoz@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/adina-rogoz\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/34-096-The-Fig-Rendering-VisionScape-Imagery-For-Release.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004203349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/436"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004203349"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004203349\/revisions"}],"predecessor-version":[{"id":1004203449,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004203349\/revisions\/1004203449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004203362"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004203349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004203349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004203349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}