F
aring Capital is planning a major residential development in Carson. The West Hollywood-based developer has filed plans to build 315 townhomes and apartments on a 14-acre site at the intersection of Avalon Boulevard and 213th Street. The triangular property, currently home to a former car dealership, would be redeveloped into 52 buildings containing a mix of two-, three- and four-bedroom townhomes and 32 affordable studio and one-bedroom apartments.

    The project would also feature a swimming pool, private garages for 566 cars, and a parking lot for 77 vehicles. Faring's affiliate, 1140 Avalon Blvd LLC, is leading the development effort, with Vincent Manzenberger, senior vice president of multifamily development, overseeing the project.

    This proposal comes after Texas-based JPI abandoned plans to build a mixed-use complex on the site five years ago, which would have created over 1,000 homes. The property was previously owned by the Kott Family Trust, a Carson-based entity that had operated car dealerships in Southern California since 1929.

    Faring Capital specializes in pedestrian-oriented commercial and residential properties and has recently secured $35 million in refinancing for a hotel and office building project in West Hollywood.