Sandy Aron, president of Hunington Properties

Construction is getting underway on a long-awaited mixed-use project just north of Washington Avenue.

Los Angeles-based Parkview Financial provided a $38 million construction loan to Houston-based Hunington Properties, according to a Feb. 20 press release. Greystone Capital Advisors arranged the financing.

The 126,500-square-foot, the six-story project is being built on 1.38 acres at 1107 Shepherd Drive, formerly the site of Bethel Church. Plans for the project, which Hunington has been calling The Interpose, have been in the works since at least 2016.

Now, it’s expected to be completed in mid-2021, per the Feb. 20 release. The project will feature 168 residential units, more than 20,475 square feet of ground-level retail space, and an above-grade parking structure with 305 spaces.

The apartments will be micro-units, according to Hunington’s website. Each unit will feature stainless-steel appliances in the kitchen plus a washer and dryer. Some units will include balconies or private patios.

Community amenities will include a rooftop deck, resort-style pool, outdoor kitchen, fitness center with vinyl plank flooring, clubhouse with quartz surfaces, business center, lush landscaping, dog park and outdoor space with stadium seating.

“This project promises to be highly competitive and successful as it will offer best-in-class amenities to prospective tenants at a lower per-unit rental rate compared to other nearby communities, due to the smaller floor plan design,” Paul Rahimian, CEO of Parkview Financial, said in the release.

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