Upcoming County Development and Via Marina Construction

We would like to keep you all informed on the upcoming construction that will be happening around the marina due to the Marina del Rey 18-Inch Waterline Replacement Phase IIIB project.

The project involves the construction of approximately 5,950 linear feet of new 18-inch diameter steel pipeline to replace the existing, aged, and undersized 10 and 14 inch-diameter water mains along Via Marina from Marquesas Way to Bora Bora Way, and along Fiji Way from Admiralty Way to the end of Fiji Way. All fire hydrants and customer service connections will be improved as well.

Marina-del-rey-project-2014

For Map Legend Please Visit: http://dpw.lacounty.gov/pdd/marinadelrey/

The purpose of the project is to improve the Marina del Rey Water System to meet domestic and fire protection water demands more effectively.  This project is the fourth and final part of a multi-phase plan to replace the existing Marina del Rey Water System.

Barring unforeseen circumstances, the construction dates will be as follows:

Construction Start:    December 15, 2014
Construction End:     August 2015
Construction Hours:  Monday – Friday, 8:00am – 5:00pm

A portion of the Fisherman’s Village parking lot will be used as a staging area for construction, but an overflow parking lot located directly across the street will be available for patron use throughout construction.

Also, please note that construction activities may cause traffic delays between the hours of 8:00am – 5:00pm, Monday through Friday.  One lane will be open at all times for motorists along Via Marina and Fiji Way for the duration of the project and flagmen will direct traffic when needed.  For the safety of everyone, please exercise caution while in the vicinity of all construction activities by observing all traffic controls and flagmen.

Along with traffic control, the Marvin Braude bike path located along Fiji Way will be rerouted throughout construction.  All cyclists will be directed to cross the intersection of Admiralty Way and Fiji Way to use temporary bike path lanes located along the outer northbound lane of Fiji Way, and the detour will end at the terminus of Fiji Way.  Please note tha the temporary bike lane detour will have two directions of bicycle traffic riding on the outer northbound lane.  Signage will be posted to indicate all closures and detours.

For more details, please click here for the project flyer or visit the Marina del Rey Infrastructure Program website at http://dpw.lacounty.gov/go/mdr

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Playa Vista: Los Angeles’ New Tech Hub

According to The Los Angeles Times, Google Inc. has reportedly spent nearly $120 million on 12 vacant acres next to a historic hangar where aviator Howard Hughes built his famous “Spruce Goose” airplane in Playa Vista.

With this recent transaction it’s pretty certain that the search engine company is expanding its presence in the Southern California. They currently operate in several buildings throughout LA county, including the famous Binocular building in Venice designed by Frank Gehry. However, this new Playa Vista land acquisition is zoned for approximately 900,000-square-foot of commercial space that has the potential to be both office and studio space. Google is also expected to lease the Hughes hangar built in 1943, according to The Times. The 319,000-square-foot building has recently housed soundstages for movie and television production. “The combination of the hangar space and planned development of the 900,000 square feet could bring in as many as 6,000 well-paid, highly educated workers”, per The L.A. Times.

Image via LA Times

City Councilman Mike Bonin, who represents the Westchester/Playa Vista area, is quoted as saying “the announcement solidifies the neighborhood’s reputation as a high-tech hub. This is phenomenal news for the Westside and for the Los Angeles economy.”

Local entrepreneurs and investors told The Times they’re excited about the possibilities that a stepped-up Google presence could bring. A juggernaut like Google would help bring even more attention, developers and investment to the booming area. “It increases the quality of the work, it increases the ability to network, it increases the ability to attract more people here,” said Kieran Hannon, chief marketing officer at Belkin, which has 450 employees in Playa Vista. “It has a complete knock-on effect.”

The Marina is Changing

Many of you may or may not know that there was recent approval on the plan to clean up the Marina by way of a large dredging project and new restrictions on permitted materials. This is great news as the water in our marina is statistically some of the dirtiest (and most toxic) in the state. That being said, there is another project on the horizon that we can hopefully be excited about. A plan that officials are saying will better guide the development of the neighborhood in the coming years.

The Los Angeles County Board of Supervisors is considering a huge makeover plan created by county regional planners that would re-direct traffic flow and make room for an additional 200,000 square feet of retail space and 940 new hotel rooms by way of dividing the marina into a few distinct districts. These districts would consolidate certain activities so that each area will appeal to a specific type of user (visitors, boaters, residents, etc.) thereby reducing the need for people to travel all around the marina.

Image via The Argonaut

“We’ve memorialized a vision for future development in Marina del Rey that reflects its boating history and recreational use,” said Gina Natoli, a Los Angeles County supervising regional planner. “We’re very happy with how it turned out.” The approved version of the vision statement remains much the same as the original version presented in February. The plan calls for clusters of activities for tourists, boaters, residents and beach-goers in separate areas, “mobility hubs” that will serve each of those districts. It also calls for improved signage, and enhanced bicycle and pedestrian paths that will make it easier to weave around the water.

Image via Envision Marina del Rey

Here are a few of the known specifics of the plan:

  • The public boat launch would move to become the center of Boater’s Way, while the old boat launch would become Visitor’s Row, a retail and entertainment area.
  • New “low- to mid-rise hotels” would go up behind Mother’s Beach and create public spaces along the water.
  • The plan would also try to reduce traffic by creating “hubs” where visitors can connect to bike infrastructure, water taxis, and public shuttle buses to reduce the ridiculous parking experience that is so integral to visiting the marina now. **There is also a far-fetched rumor that the Marina could become an area where cars are totally prohibited, but we haven’t seen any clear evidence of that yet.**

Although sections of the marina have been booming, thanks to an influx of upscale residential and commercial projects, planners and county officials agreed that other sections have become worn down and dated. They hope the plan will help modernize the marina and make it the hot spot that it was decades ago.

Curbed LA stated “All of this would happen on land the county already owns, so nothing new has to be purchased to move forward with the marina plan, but the plans are decidedly long-term and could take years to see through. Advocates say that it’s time to take advantage of the marina’s amenities, upgrade the hotels, and make navigating easier. Opponents worry that the marina could lose some of its quaint and quirky charm.”

All we know is, we are excited to see what effect this plan will have on current real estate in the area!

The Strand Offices at Playa del Rey

The last little stretch of Culver Boulevard has recently seen a good amount of new development including the new restaurants at Bacari PDR and Playa Provisions. Now we have some new office space to add to the list.

Remember where the old Preschool was? Right next to Sandune Liquor & Junior Market?

Well now there are two extremely well designed architectural buildings standing in its place. Called The Strand Offices at Playa del Rey, these distinct looking buildings really do bring a new modern and aesthetically pleasing feel to the area. Per their website they describe themselves as “the Westside’s finest signature office compound.”

The two buildings at The Strand Offices provide approximately 10,000SF of state-of-the-art Class-A office space. Embracing a modern, coastal design, featuring natural materials and full integration of sustainable approaches. The two three-story buildings boast efficient floor plans of approximately 2,500SF each on the second and third floors, providing expansive views of the Ballona Wetlands and Marina del Rey waterfront. Each building features a lobby entry with elevator service, and ground level parking.

Details Include:

  • Abundant Openable Windows providing sweeping wetland & water views
  • Fleetwod Sliding Doors to Decks on Each Floor
  • Lockable Surfboard/Paddle Board Racks, Bicycle Racks, EV Charging Stations
  • Buildings are pre-wired with Cat6 cabling and associated network parts
  • Fiber-Optics and Coax installed to Property
  • LED Lighting Installed Throughout
  • Dual Glazed, Openable Windows with Solar Glazing Throughout
  • Pre-Wired for 50-Panel Solar System on Roof

Source – www.thestrandoffices.com/facts

One of the two buildings is already leased out and it sounds like there is high demand for the other space.

Summaries of New Playa Vista Neighborhoods

Over the last 10 months there has been a lot going on in Playa Vista with regards to the new neighborhoods being built and made available for sale. Below you will find a brief update for each new neighborhood:

Camden by Brookfield Homes: Brownstone Style Flats. Three and Four Bedroom Condos ranging from 1,601 sq. ft. to 2,192 sq. ft. with 2-car private garages. In the most recent release the builder has set the prices between $1,000,000 and $1,200,000. A large majority of these homes have been sold since their first release in late June. Towards the end of October the builders will begin selling the remaining 42 homes and we don’t expect them to stay on the market long.

Skylar by KB Homes: Three to Four Bedroom Triplexes with contemporary styling ranging from 1,905 sq. ft. to 2,462 sq. ft. All homes in the first official release except for the model homes have been sold between the price range of $1,100,00 to $1,400,000. These homes have been doing so well that the builder has already release and sold close to 30% of the homes at their second location near the West Coast Facility, which is scheduled to open by the second quarter of 2015.

Woodson by Tri Pointe Homes: Detached single family homes with three to five bedrooms configurations currently priced between $1,200,00 and $1,300,000. There are only nine of these  sixty-six homes ranging from 2,119 sq. ft. to 2,318 sq. ft. still available for sale. The neighborhood will most likely be sold out by the end of the year.

Asher by KB Homes: Three-story homes with modern styling that have elevators. The homes are available with two to five bedrooms and range from 2,435 sq. ft. to 2,757 sq. ft. The builder’s current release offers homes with prices ranging from $1,400,000 to $1,600,000 and a wide variety of upgrades. And the final release will include the two larger model homes priced between $2,093,000 and $2,190,000.

Trevion by Brookfield Residential: Two and three level homes with four and five bedroom configurations ranging in size from 3,020 sq. ft and 3,949 sq. ft. This is the first new neighborhood to sell out with final sales prices between $2,000,000 and $2,500,000.

 

If you would like any further information please do not hesitate to contact us!

 

 

 

Oxford Basin Enhancement Project

The Oxford Basin Multiuse Enhancement Project

For decades, the Oxford Retention Basin has had little appeal to residents and visitors of the area. But all of that is set to change with a $12 million enhancement project recently approved by the Los Angeles County Board of Supervisors. The project, under development by the LA County Public Works Department, will transform the 10.7 acre site, which serves as a vital flood control facility, into a recreational destination by significantly improving its aesthetics and the value of its wildlife habitat while also enhancing its flood control function.

The Oxford Basin Multiuse Enhancement Project’s Coastal Development Permit application was approved by the California Coastal Commission on June 13, 2014.

OxfordRend1

Project Description

The Oxford Retention Basin Multiuse Enhancement Project, scheduled to begin construction in 2014, is designed to enhance flood protection, reduce runoff pollution, and significantly improve the quality of plant and wildlife habitat within the facility, as well as its aesthetic appeal. Diseased trees and non-native plants will be replaced with more native, drought-tolerant species. The project will also provide new recreational and safety amenities, including a walking path, observation areas, wildlife-friendly lighting and more attractive tubular fencing.  (Source – L.A. County: Department of Public Works)

For more renderings please visit the Department of Public Works’ Website 

Playa Vista Update

A few weeks ago we provided some information regarding the new developments that are in the works for Playa Vista. If you didn’t have the chance to read through that, you can find it here.

The following map was recently released and gives a better picture of how the next phase of Playa Vista will be laid out.

Playa Vista Map

We are very excited to see these new “neighborhoods” develop. If you would like more information on the upcoming additions to Playa Vista please feel free to give us a call at 310.424.5512 or shoot us an email at info@bermankandel.com

The End of Suburbia As We Know It

Young people shunning the suburbs in favor of the hustle and bustle of city life are leading the charge in the “reurbanization of America,” real estate mogul Sam Zell told CNBC on Tuesday.

“You’re drawing all the young people in America to these 24/7 cities. The last thing they want to do is live in the suburbs,” Zell said in a “Squawk Box” interview. “In that respect, you’re increasing demand for housing in the urban markets.”

The demand for the suburban lifestyle had been driven mainly by safety and schools, he said. “If you wanted to see the end of suburbia, all you’d need to do is make the school systems in the cities triple-A and why would anybody live in the suburbs,” Zell said.

One of the byproducts of people moving to cities is soaring demand for apartments. “We are seeing 96 percent occupancy,” said Zell—who’s chairman of the real estate investment trust Equity Residential, one of the largest apartment groups in the country. Of the 18,000 units the REIT manages in New York City, Zell estimated 45 percent are occupied by just one person.

“It’s probably going to happen here in New York first,” he said. “You’re going to see 300-square-foot apartments, directly related to that one person wanting to live alone—and saying, ‘I’ll give up space for privacy.'”

– CNBC