MARINA DEL REY, CA—California Landmark Group's new Marina del Rey project is targeting creative tenants—the ones working in all of the creative office spaces taking over the South Bay. D1 is a 68-unit luxury multifamily project designed by PK Architecture and with amenity spaces that will appeal to the creative demographic in the market.
“We've designed D1 to fit well within the dynamic mixture of residential, retail and creative office that exist in the Marina Arts District. There are many creative types that live and work in the Marina, a large percentage out of home offices,” Ken Kahan, a principal at California Landmark Group, tells GlobeSt.com. “At D1, not to mention our other projects in the submarket, we have included unique amenity spaces, such as rooftop pools and lounges, which are perfectly suited to that demographic. Our goal is to create a relaxing and hip environment that our tenants can enjoy 24/7.”
The property has a mix of studios, one, two and three-bedroom floor plans that range in size from 740 to 1,640 square feet. To achieve the creative-style, the interior units will feature concrete floors, high ceilings, and quality interiors and high-end finishes. The property also features several common areas, including a fully equipped gym, business center, meeting areas, outdoor lounge spaces, and a 3,000-square-foot roof-top pool deck with unobstructed city and ocean views.
According to CLG, the project is also in an ideal location to target creative tenants. “What makes the Marina Arts District a great location is its proximity to the employment hubs in Santa Monica, the South Bay, Playa Vista, Culver City and the Airport area,” says Kahan. “Because of its central coastal location, the residents benefit from easy access to the many recreation, entertainment, shopping and dining options that exist in the Marina, Venice, and Santa Monica, not to mention the lifestyle of living near the beach.”
The project will cost $30 million and is funded with a combination of construction debt and private equity. It is slated to open in the fall 2018.
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