Large Mixed Use Project for West Hollywood

Posted February 16, 2014

In Apartments, California, Commercial, Los Angeles, real estate, Residential, Santa Monica

Developer Avalon Bay Communities and architects MVE partners will be building a 371 unit apartment complex over 32,300 square feet of net leased retail on the site of the old Movietown Plaza, which was demolished a month ago at Santa Monica Blvd. and Poinsettia.

Included will be two market rate and one income and age restricted buildings. The two market rate buildings will be built to LEED Silver certification and the income and age restricted building to LEED Gold certification all over ample underground parking.

New West Los Angeles commercial real estate for lease will fill quickly and likely will be leased up completely before the project is finished. The net lease retail center will also included a 14,500 square foot specialty market place.

Frankly, this project has been on and off so many times that I’ll believe it when I see it coming out of the ground, but given the Los Angeles commercial real estate environment plus the general lending environment, this time I’m more inclined to believe it’s going to happen. It will be a great project if and when it does.

Commercial Real Estate, NNN Property

Commercial realtor

Commercial real estate with a focus on out-of-state investment property for my Southern California investors. My clients are Southern California local buyers looking for a return far better than what is available around here and that generally means out-of-state. We have expert property management, legal, and contracting services available.