Greystar Real Estate Partners is nearing completion for Avila, a new residential-retail development near the corner of Walnut Street and Fair Oaks Avenue in Pasadena.

The $100-million project, a joint venture with Ivanhoé Cambridge, consists of a five-story building featuring 201 rental units studio, one- and two-bedrooms ranging between 523 and 1,314 square feet. Plans also call for 10,000 square feet of ground-level retail space, as well as a fitness center, a recreation center, multiple courtyards and a swimming pool.

Completion is expected by the second quarter of 2018.

The property sits immediately north of the headquarters of engineering firm Parsons. The sprawling parking lots surrounding the office building are slated to give way for a mixed-use complex known as 100 West Walnut, which would feature 210,000 square feet of offices and 475 apartments above ground-level shops and restaurants.