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Chinatown's Jia Apartments Opens With Rents Starting at $1,690

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The six-story, $93-million Chinatown complex known as the Jia Apartments (formerly the Chinatown Gateway) opened in January after about three years of construction, reports the Downtown News. A peek at Jia's units will reveal "black granite countertops, simple white cabinets, a charcoal-gray tile backsplash and stainless steel appliances," and laminate wood floors. Residents will also have use of a fitness room, courtyard with a "double-sided fireplace," and a pool and spa. How much will all this set renters back? $1,690 a month will rent you a 570-square-foot studio; one-bedrooms start at $1,825, and two-bedroomsat $2,525—on the higher end of what seems to be the going rate for the area now (at least in new buildings). We can only wonder how big a nearby Blossom Plaza studio will be, and how much it will cost.

"We've gone from a strictly immigrant community to one with a lot of affordable housing for more low-income residents and now it's continuing to change," says the head of the Chinatown Business Improvement District about all the area's recent action. It was only a matter of time; Chinatown's too close to Downtown to remain the ethnic enclave its name would suggest. No word on how many apartments are left at Jia, but developer Equity Residential is expecting to be signing leases through March.
· With Jia, Chinatown Gets a $93 Million Apartment Complex [LADN]
· Mixed-User Formerly Known as Chinatown Gateway Almost Done [Curbed LA]