SOURCE: Schon Tepler Group, Inc.

August 17, 2016 17:52 ET

Schon Tepler Group Announces Development Deal in Hollywood, CA

LOS ANGELES, CA--(Marketwired - August 17, 2016) - Schon Tepler Group, Inc ("Schon Tepler") announced today the purchase of a land parcel located on Romaine St, in the Hollywood neighborhood of Los Angeles. The Company plans to develop a 15-unit apartment building. Each apartment will have a townhouse style layout, roof top balconies, and luxury condo level finishes. The project is a "by right project" utilizing SB-1818 bonus density, and construction will commence on or about March 2017 with a projected opening in the Fall of 2018. This is the company's 11th ground up apartment development since 2012, and it's 5th project in the Hollywood sub-market.

Schon Tepler has entered into a co-investment partnership with private investors for the development of the project.

About Schon Tepler Group, Inc / Schon Tepler Construction, Inc

Schon Tepler Group, Inc (STG) is a fully integrated, multi-family focused, real estate development and construction company based in Los Angeles, California. It was founded by Paul Schon and Artem Tepler, and is one of the most active builders of boutique multi family properties in the city of Los Angeles. The company's focus is on creating and preserving value for their equity investors through the use of their specialized local knowledge and quality in-house construction. Schon Tepler Group is constantly looking for new ground-up development acquisition opportunities and joint venture partners. For additional information, please visit www.SchonTepler.com.

Contact Information

  • Contact Information

    Paul Schon
    Managing Partner
    858-361-9334

    Artem Tepler
    Managing Partner
    310-413-7089