Units going up in Marina Arts area
A Los Angeles real estate developer is building 230 apartments in the city’s burgeoning Marina Arts District, a former industrial zone by Marina del Rey.
California Landmark Group, which has built other residential complexes in the neighborhood, has started construction on an apartment and office project at 13448 W. Beach Ave. called G8.
The $100-million complex will have six architecturally distinct structures of varying heights spanning a city block. The design by Rios Clementi Hale Studios and PK Architecture is intended to improve the scale and massing of the large development.
“It’s over 800 feet long, like an 80-story building” on its side, said Ken Kahan, founder of California Landmark.
G8 will feature a pocket park, courtyards with swimming pools, shared indoor and outdoor workspaces, a fitness center and a rooftop deck. The 25,000-square-foot office component will incorporate a former industrial building on the site with new construction.
The Marina Arts District is roughly bounded by Beach Avenue to the north, Maxella Avenue to the south, Del Rey Avenue to the west and Redwood Avenue to the east.
Builders now tout the area’s proximity to beaches, bike paths and jobs offered by the growing Silicon Beach technology cluster, which includes social media firm Snap Inc., automotive pricing website TrueCar Inc. and Dollar Shave Club.
G8 is the seventh and largest apartment project developed by California Landmark in the Marina Arts District since entering the market in 2006.
The G8 units will be priced at about $3.50 to $3.75 per square foot per month, Kahan said, or nearly $3,000 for a one-bedroom unit.