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Project Updates

The Taylor Yard Joint Development sites are at different phases of development. Below are the latest updates.

Awaiting Construction

  • Lot 2B: This lot is not yet under ground lease. Execution of a ground lease and commencement of construction should occur prior to the end of the first quarter of 2020, once design review is complete and project financing is secured.
  • Lot 9: This lot is under ground lease to Taylor Yard Commercial, LLC, a McCormack Baron Salazar development entity. In March, the Metro board of directors approved an amendment to the ground lease.  Among other things the proposed amendment will change the scope of development for this lot to an approximately 56 unit affordable housing project (from a 16,690 square foot retail project), and extend the deadline for construction commencement to April 1, 2022 (with the ability to further extend this deadline to April 1 2024), and extend the ground lease term to accommodate affordable housing financing requirements.  Further details regarding these changes can be found in the Board Report .  Project construction is expected to begin prior to April 1, 2022, once project entitlements are awarded, design review is complete and project financing is secured.

Completed

  • Lot 1: This project is complete and occupied. The lot is under ground lease to Rio Visa Apts, L.P., a McCormack Baron Salazar development entity.
  • Lot 2A: This project is complete and all condominiums have been sold by the developer, LA Urban Homes. The lot is under ground lease to TY Taylor 55 Owners Association, this project’s homeowner’s association.
  • Lot 3: This project is complete and occupied. The lot is under ground lease to Taylor Yard, L.P., a McCormack Baron Salazar development entity.
  • Lot 4: This project is complete and all condominiums have been sold by the developer, LA Urban Homes. The lot is under ground lease to TY Taylor 41 Owners Association, this project’s homeowner’s association.
  • Lot 5: This project is complete and its apartments are occupied, but the retail component is still available for lease. Parties interested in the retail space should contact Daniel Falcon, Jr. at 213.236.2680 or at Daniel.Falcon@McCormackBaron.com . The lot is under ground lease to Taylor Yard Senior Housing, L.P., a McCormack Baron Salazar development entity
  • Lots 6-8: Infrastructure and open space improvements are complete, except for one park area being used for construction staging. The lots are under ground lease to Taylor Yard Master Association.
  • Dedication Area: The dedications, roadway, and infrastructure improvements in this area are complete.
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