LOS ANGELES, CA - Real estate development and investment firm California Landmark Group (CLG) has broken ground on D1, a $30 million luxury apartment complex in Marina del Rey, CA.
This new multi-family development is located on a one-acre site at 4210 Del Rey Avenue within the Marina Arts District. The project is within walking distance to the District's vibrant social infrastructure, which includes supermarkets, dining, movie theaters and other entertainment options.
When completed in the Fall of 2018, D1 will feature 68 high-end units with a mix of open concept studios, one, two and three-bedroom floor plans ranging in size from 740 to 1,640 square feet. Each unit will feature contemporary urban finishes including concrete floors, high ceilings, and quality interiors that are standard in all CLG developments. Common area amenities will include 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.
The six-story building will be characterized by its white standing seam sheet metal and plaster exterior. Designed by Woodland Hills-based PK Architecture, this contemporary design will fit nicely within the District's modernist motif.
D1 is California Landmark's sixth development in this submarket. The Los Angeles-based firm is nearing completion of R3 Lofts, a mixed used development that includes 67 apartments over 5,600 square feet of creative office space. Upon completion of D1, CLG will have delivered more than 500 luxury apartment homes and approximately 35,000 square feet of commercial and creative office space in the Marina Arts District.
About California Landmark: California Landmark Group (www.californialandmark.com) is a Los Angeles-based real estate operating company that has acquired, repositioned and developed more than $750 million worth of luxury multifamily and Class A commercial real estate assets throughout California over the past three decades.