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Thrive Living is building a prefabricated apartment building in Chinatown, where it expects the prefab method will cut 15 percent from the construction budget.

Thrive, a Los Angeles-based unit of Magnum Real Estate Group of New York, is now using cranes to stack its modular units at 1457 North Main Street, south of L.A. State Historic Park, Urbanize Los Angeles reported. It replaced a food processing plant.