Wadsworth Building Update
Lakewood-Wadsworth Station apartment building
October 2024 update
Canyon Partners Real Estate and DeBartolo Development have formed a partnership to acquire and complete the apartment complex at 1221 and 1225 Wadsworth Blvd. Once the acquisition process is completed, the partnership is expected to restart construction of the project in 2025.
The new partnership has no ties to the original borrower or developer and is bringing fresh capital and a new team to the project including a locally based general contractor.
In early 2024, construction of the property was paused as the then-developer encountered financial-related challenges. The project was not halted by the City of Lakewood, and the project is not out of compliance with its permit at this time.