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Jodi Summers' Blog

We Know SoCal Investment Real Estate

By Jodi Summers | Agent in Santa Monica, CA

544 NEW UNITS COMING TO MARINA DEL REY

Jodi Summers

How did they get the space? Construction has started on a 12-building complex, $120-million multifamily project at 4201 Via Marina in Marina del Rey. Called the Shores, designed by Nadel Architects, the project is scheduled to open in spring 2013.

Located on an eight-plus acre site, the 12 inter-connected, five-story buildings will offer 544 units, with one-bedroom and two-bedroom options, ranging in size and floor plan from 650 square feet to 1,245 square feet. At the heart of the complex lays a two-acre park-like courtyard with lush greenery, open space and outdoor amenities, such as fire pits, BBQs and a pool and spa….not unlike the Shores towers in Santa Monica.

“In dealing with high-density projects such as Shores, we know it is important to include design elements that will not only accommodate the large number of residents, such as private subterranean parking, but also to provide opportunities for chance social interactions,” representatives noted in a prepared release. “The range of outdoor spaces, plus the club, social room, gym, etc. will leverage the resident’s interaction…It is this attention to detail that makes Shores such a unique, near-the-water living experience.”

The County of Los Angeles, which owns and manages Marina del Rey, along with owner and developer Jerry Epstein of Del Rey Shores, LLC, “envisioned the need for renovation and redevelopment to meet the demand for new, quality, higher-density, contemporary apartment living near the ocean.”

The inception of the plan for the project dates back to January 2001. Vice president of Del Rey Shores, David O. Levine explains in a prepared statement that plans went through a “lengthy entitlement and design approval process, and then through the arduous HUD review, and finally to realization in today’s challenging construction environment.”

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http://www.globest.com/news/12_372/losangeles/multifamily/120M-Multifamily-Project-Moves-Dirt-322400.html?ET=globest:e31093:277110a:&st=email

http://www.santamonicapropertyblog.com/?p=4444

http://www.mdrcondos.com/wp-content/uploads/2011/07/shores.jpg

http://www.agd-landuse.com/images/project6.jpg

http://www.california-blog.com/storage/Marina%20del%20Rey%20Channel.jpg

http://la.curbed.com/uploads/2012.06_shores.jpg

http://www.socalmultiunitrealestateblog.com/?p=1988

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