Classic Lake
Consulting & Investments

Proven Track Record

Past Projects

 

Classic Lake has facilitated the placement of over $350 million of investment, providing critical financing for over two dozen community and economic development projects from new construction to adaptive reuse and historic rehabilitation across the country. Classic Lake provides supportive services to municipal agencies, real estate and housing developers, small businesses, healthcare and education institutions, fresh grocers, non-profits, and financial services firms, enabling them to bridge capital gaps. Classic Lake also works with developers to increase outreach and hiring of minority- and women-owned businesses to address workforce equity.

Project Locations

 
 

Heritage Housing Partners - Pasadena, CA

Heritage.png

Heritage Housing Partners, a non-profit housing developer, is revitalizing six vacant and/or underutilized parcels located at the corner of Lincoln and Orange Grove in Pasadena, California. The site, currently occupied by an abandoned automotive repair shop and gas station and anchored by a liquor store, will be transformed into Summit Grove - a 70,000 square foot mixed-use housing and Class A commercial facility, creating 46 affordable for sale units, 83 subterranean parking spaces, and 11,683 SF of retail, office and community space in the neighborhood. Housing units will be sold to low-income (up to 80% AMI), moderate-income (up to 120% AMI) and workforce-income (up to 135%) households. The commercial space will be occupied by 3-4 small businesses and/or nonprofit organizations.

hhphousing.org/portfolio/summit-grove/

Angelique PoissonHeritage Housing Partners