New Mixed-Use Development Opens at 1069 W Exposition Blvd

This article summarizes the completion of Tessera, a new mixed-use project by Mosaic Investment Partners in Exposition Park. It details its housing program, design team, funding, and the project’s role in the area’s infill development near Expo/Vermont Station and the USC campus.

Project at a glance: Tessera in Exposition Park

Tessera is a seven-story podium-style building located at 1069 W. Exposition Boulevard. It is positioned adjacent to Expo/Vermont Station and within easy reach of the USC campus.

The development delivers 53 furnished apartments across a mix of studio, one-, two-, three-, and four-bedroom layouts. It has capacity for roughly 250 residents.

In addition to housing, the project includes ground-floor commercial space. Six units are designated as extremely low-income affordable housing, supporting income diversity alongside density.

Tessera is a transit-oriented, infill project that adds to the growing corridor of new housing just north of Expo/Vermont Station. The project supports walkable, dense, mixed-use urban living and brings new retail and public spaces to the area.

Architectural design and team

The design for Tessera was led by SVA Architects and Sorensen Architects. The building features a contemporary, context-aware design that fits with the area’s changing urban fabric.

The seven-story podium massing creates a defined street edge. Internal courtyards, amenities, and transitions between public and residential spaces are included.

Tessera uses modern materials and detailing that reflect Exposition Park’s character and the nearby USC campus. The building presents a transit-friendly addition to the neighborhood, balancing density with a human-scaled vertical profile and outdoor amenity spaces.

Residential program and amenities

Tessera provides 53 furnished units ranging from studios to four-bedroom layouts. It can house about 250 residents.

The project offers a range of amenities and flexible interior layouts to support a strong on-site community.

• Rooftop deck offering skyline and park views
• Second-floor terrace deck that activates the mid-level public realm
• Multiple interior gathering spaces for residents and events
• Ground-floor commercial space enhancing walkability and neighborhood vitality
• Six units designated as extremely low-income affordable housing

Financing and development partners

Financing for Tessera was arranged by JLL Capital Markets through HC2 Capital. A senior construction loan was provided by Calmwater Capital.

The capital stack supports the delivery of rental housing with ground-floor commercial space. This reinforces the project’s mixed-use intent and long-term stability for the district.

Key members of the project team include Oakwood Development Group and Alpha Construction. Their collaboration helped realize the development in a competitive market for infill housing near transit and major institutions.

Market context and neighborhood impact

Tessera is part of a broader wave of infill housing north of Expo/Vermont Station. This signals increased development activity in Exposition Park and the surrounding area.

The project pairs a dense residential program with street-front commercial space. This approach enhances the district’s walkability and supports local businesses.

It also strengthens the area’s role as a transit-oriented hub. A nearby smaller project was recently completed.

Tessera reinforces a pattern of increased investment and density. This aligns with the demand for urban living near transit, cultural amenities, and the USC campus.

The result is a more dynamic, multi-use neighborhood footprint. This can attract residents seeking convenient access to services, public transit, and educational and employment opportunities.

 
Here is the source article for this story: Mixed-use project debuts at 1069 W. Exposition Blvd.