MARINA DEL REY, CA-Nadel Architects-designed multifamily complex the Shores has completed construction and is accepting new tenants. Located at 4201 Via Marina in Marina del Rey, the $165 million project replaced a 1960 complex of two-story, garden-style apartment buildings.

Developed and owned by Shores LLC's Jerry Epstein and actor Kirk Douglas, the 544-unit complex has 12 interconnected, five-story buildings. The one- and two- bedroom interior units range in size from 750 to 1,410 square feet, while the complex amenities include a landscaped two-acre courtyard, a pool, two spas, a gym and community rooms. Common areas, like fire pits and barbeque areas, encourage community and interaction.

“Designing a complex of this size means accommodating a large number of residents and guests,” says Dale Yonkin, Nadel Architects project director. “We paid special attention to create an environment that had an open feel with spacious areas, while still incorporating a sense of community within the complex as a whole. The functionality and efficiency of the design provide the maximum amount of space for the common and living areas.”

In addition to the ample onsite amenities, the property is also located in a growing submarket, blocks away from Venice Beach and the Marina del Rey docks. The submarket has a limited supply of quality rental properties within close proximity to the beach, and Shores aims to tap into the demand for those property types. 1038 Princeton, an affiliate of the Luzzatto Co., has also noticed growing demand in the submarket. The company recently purchased a creative office campus for $10.7 million for the “strong, intrinsic land value.” The 32,000-square-foot property sits on 46,381 square feet of land.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.