Los Angeles
An affiliate of Starwood Capital Group and Holland Partner Group have formed a joint venture to build a 375-unit multifamily project in San Pedro, CA. Located at 550 Harborfront, the project is located in an opportunity zone. The San Pedro waterfront is experiencing a resurgence, led by the Port of Los Angeles improvement project.
The seven-story building will include a mix of one-, two-, three- and four-bedroom apartment units. It will also include class-A amenities a two-story fitness center, resident lounges, a pool and a rooftop lounge with outdoor kitchens and barbecue stations. This will be the first class-A project to come to San Pedro since 2008.
The developers plan to bring the property to market in 2020. The project is part of Starwood's opportunity zone business, which was announced in January of this year.
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Kelsi Maree Borland
