JPI teams up with Japanese firm to add $125M apartment project to busy pipeline

Apartment giant JPI acquired an industrial site in Gardena where it plans to build housing.  JPI is partnering with Tokyo-based Chuo Nittochi America Corporation on the $125 million project to build Normandie Apartments, a 257-unit community at 16911 South Normandie Avenue, Multi-Housing News reported. Construction is slated to start next month, with completion expected in March 2029.  Japanese-owned, Dallas-based JPI said only a handful of new apartments have been completed in the South Bay in recent decades, even as housing demand is supported by the region’s aerospace and defense employment base.  The project adds to an active pipeline for JPI […]

This article originally appeared on The Real Deal. Click here to read the full story.