Los Angeles Real Estate Developer Embraces Cryptocurrency Investment for Major Mixed-Use Project
Los Angeles, CA (December 3, 2024) – TRJLA LLC, a private real estate development firm, is breaking new ground by accepting cryptocurrency – including Bitcoin, Ethereum, XRP, and Solana – for a major project in Downtown Los Angeles. This forward-thinking approach allows investors a flexible and innovative way to participate in the city’s thriving real estate market.
"This financing initiative underscores our commitment to innovation and provides flexible investment opportunities in the evolving digital economy," stated Joseph Chang, Co-Founder and CFO of TRJLA. "By integrating cryptocurrency into our investment processes, TRJLA moves to the forefront of a transformative shift in real estate finance."
The company is targeting both cryptocurrency and traditional cash investors for the next phase of development, which will involve finalizing architectural drawings and value engineering. With construction set to commencent in 2026, the project’s completion is perfectly timed to capitalize on the economic energy surrounding the 2028 Summer Olympics in Los Angeles.
This eight-story, mixed-use project, located at 717-759 N Hill Street, is poised to reinvigorate the Chinatown neighborhood with 411 residential units and 17,140 square feet of commercial space. The development will offer a vibrant mix of living and retail options, creating a dynamic hub for the community and supporting economic growth.
"We are excited to develop this large-scale podium project in Chinatown, which has tremendous need for new housing. The building provides generous amenities such as a podium pool, pocket park with dog run, and rooftop gymnasium and deck, while anticipating future trends, such as micromobility and autonomous driving," Chang said
Strategically positioned at the gateway of Downtown Los Angeles, the project boasts immediate access to three major freeways, the Gold Line Station, and the LA State Historic Park. The modern design features abundant natural light from two courtyards, multiple levels of lush greenery, and approximately 500 feet of street frontage for retail and outdoor seating. Its aesthetic blends seamlessly with the neighborhood vibe.
Downtown Los Angeles is on the cusp of a major real estate development boom, driven by two significant catalysts: the 2028 Summer Olympics and the Los Angeles Aerial Rapid Transit gondola project (LA ART). The LA ART project proposes a Chinatown station, further enhancing the project’s accessibility and desirability.
TRJLA’s embrace of cryptocurrency investment marks a bold step into the future of real estate finance. As the company progresses with this exciting development, it demonstrates its commitment to innovation, flexibility, and creating a vibrant and thriving community space in Downtown Los Angeles.
Media Contact
Joseph Chang
TRJLA
(702) 900-1548
[email protected]
www.trjla.com
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