Hollywood Triumph: Revitalizing Carlton from Rough MEP to Completion

‍Project Overview: Carlton at 5717 Carlton Way, Hollywood, CA 90028

- Price: $3,995,000

- Building Size: 27,715 SF

- Lot Size: 8,750 SF

- Zoning: LAR4-2

- Unit Mix: (5) two bedrooms, (29) one-bedrooms, (5) studios

- Levels: A grand 7-storey development with five levels of residences elegantly perched over two levels of above-ground parking

- Special Features: A second-level gym, meticulously designed for the discerning and environmentally conscious tenant

- Opportunity Zone: A property within the Opportunity Zone, offering the potential for deferral or removal of capital gains through a qualified opportunity fund

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Specialized Project Takeover: Challenges Met with Expertise

Foundational Builders specializes in orchestrating seamless transitions, harmonizing with existing work during the rough MEP stage. Their strategic approach involved meticulous evaluations to ensure a smooth integration, reflecting their commitment to construction excellence.

Meticulous project planning and coordination ensued, with Foundational Builders fostering close collaborations with stakeholders, including architects, engineers, and project owners. Proactive planning, with clear objectives and streamlined timelines, demonstrated their takeover expertise in orchestrating a synchronized construction symphony.

Overseeing the construction process with meticulous precision, Foundational Builders imbued every facet with their signature excellence. The careful selection of high-quality materials, unwavering adherence to industry-best construction methods, and an unwavering eye for detail were pivotal to the project's overall triumph.

Collaborating harmoniously with architects, Foundational Builders seamlessly integrated unique features during the rough MEP stage. The innovative two-level above-ground parking structure and a dedicated gym space on the second level are testaments to this collaborative synergy.

Acknowledging the environmentally conscious tenant demographic, Foundational Builders embedded sustainable construction practices. The Carlton project shines as a beacon of commitment to energy-efficient systems and eco-friendly design elements tailored for Hollywood's Millennial and GenZ population.

Navigating the Opportunity Zone status of the property with strategic finesse, Foundational Builders explored avenues for deferring or removing capital gains through a qualified opportunity fund.

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Project Takeovers as a Specialty:

In the vibrant heart of Hollywood, Foundational Builders took the helm of the Carlton project during the critical rough MEP (Mechanical, Electrical, and Plumbing) stage. This marked the beginning of a journey that is still in process as Foundational Builders is guiding the 39-unit development to completion. This takeover has showcased FBC’s prowess in construction management, seamlessly integrating into the intricate web of ongoing mechanical, electrical, and plumbing installations. Leveraging their nuanced expertise, the company breathes new life into existing developments. Their ability to navigate intricate scenarios, integrate seamlessly into ongoing projects, and orchestrate triumphant completions showcases their unparalleled prowess in construction management. Carlton stands not just as a building but as a testament to Foundational Builders' capacity to transform challenges into opportunities and deliver construction excellence with unwavering dedication.

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