WESTCHESTER, CA-The final phase of Decron Properties' Playa Del Oro, a mixed-use property on a 13-acre site at the corner of Manchester and Lincoln aves. here, has begun. Los Angeles-based commercial real estate builder Bernards has started Phase II of the $67-million project, whose financing was arranged by Meridian Capital Group and funded by Wells Fargo.

The first phase of Playa Del Oro, which replaced the Furama Hotel, was completed in 2009 and included 405 apartment units and 27,000 square feet of retail, which is currently occupied by a health club and four restaurants. The second phase of the project will include 260 additional rental units, 5,000 square feet of retail space and 515 parking stalls.

Upon completion, the complex will include 665 apartments, roughly 110,000 square feet of retail space including a Ralphs Fresh Fare market, Centinela pet store, LA Fitness Signature Club, Coffee Bean & Tea Leaf and other restaurants, as well as community shops. Community amenities will include a resort-style pool, state-of-the-art fitness center, a sauna, cinema screening room, business center, game room, café lounge with outdoor view terrace, a dog park and three well-landscaped courtyards with water features. Construction is scheduled for completion in Fall 2014.