The Los Angeles City Planning Commission has upheld the approval of a residential project in Marina Del Rey, despite facing an appeal from neighboring homeowners, as reported by Urbanize Los Angeles.
LaTerra Development, a firm known for building apartment and mixed-use complexes across L.A., is moving forward with its proposal for a six-story building, comprising 210 apartments ranging from one to three bedrooms, alongside a 282-car garage at 4112 Del Rey Avenue.
The project’s approval is tied to a 35 percent density bonus incentive, allowing for a larger structure than zoning regulations would typically permit.
“It’s got 21 affordable units of which 18 are extremely low, three are moderate,” according to LaTerra’s Managing Director Chris Tourtellotte. And 18 of the newly constructed units will be designated for very low-income tenants for 55 years.
LaTerra bought the site with three office buildings on Del Rey Avenue for $37 million. The property currently has office tenants with short-term leases. Before that, it housed a manufacturing plant.
“We anticipate commencing construction in 2025,” Tourtellotte told TRD, with expectations to finish the project by 2027.
Designed by TCA Architects, the development will have a California Coastal modern style and will offer amenities that include a courtyard, gym and a rooftop pool. Construction is anticipated to commence as early as September 2024.
In the appeal, a group identified as Concerned Residents of Glencoe Avenue cited concerns over zoning compliance and potential impacts on the neighborhood, but the city found no substantial grounds to support their claims, Urbanize LA reported.
Based in Century City, LaTerra has completed similar projects in Los Feliz, West Hollywood and Burbank.