New downtown Fresno apartments in works

Source: The Business Journal
Written by Ben Keller, Business Journal staff writer

Another vacant lot is getting new life in downtown Fresno as Pyramid Homes makes progress on a 16-studio apartment project at Divisadero Street and College Avenue. Pyramid Homes began construction around eight weeks ago on the 6,000 square-foot project sited on a dirt lot at 1102 E. Divisadero Street. The apartments, dubbed Courtyard Studios, will feature a pair of two-story studios near the street and another 14 single-level units measuring 400 square feet each toward the back. Massoud Assemi, president of Pyramid Homes, said he is expecting a lot of interest from downtown Fresno's creative and tech-oriented class when the new studios finish up some time before the end of the year. "It's meant for singles," Assemi said. "I think we need to do stuff like this to build downtown up." The apartments will be managed by Granville Realty. Assemi said each unit will rent for around $600 to $700 a month. Pyramid Homes and Assemi's son, Reza Assemi, were also the developers behind several other residential projects in downtown Fresno's cultural arts district, including the Pearl Building, Vagabond Lofts, H Street Lofts, the Iron Bird Lofts and Studio 64.

 URL to original article: http://www.thebusinessjournal.com/news/construction/13133-new-downtown-fresno-apartments-in-works 

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