Trammell Crow Picks Up Apartment Project in San Pedro

Trammell Crow has taken over an approved project to build 281 apartments in San Pedro.

The Dallas-based developer assumed control of the project from Holland Partner Group and has filed revised plans to build the eight-story building at 625 South Beacon Street, Urbanize Los Angeles reported.

Three years ago, the Vancouver, Wash.-based Holland was approved to build the studio, one-, two- and three-bedroom apartments above 2,300 square feet of ground-floor shops and restaurants, plus a parking garage for 505 cars.

The land traded hands in July 2023, but the terms were not disclosed.

Trammell Crow, led by Danny Queenan, wants to trim the size of the project, but not the number of residential units. The revision includes cutting the building floor area to 229,000 square feet, from 338,000 square feet, and the commercial use to 1,800 square feet, from 2,300 square feet.

Parking has been cut to 363 cars, from 505 cars, in an above-grade garage.

The revised project, designed by Culver City-based KFA Architecture, features a white and powder blue building trimmed in yellow, with large corner windows, protruding balconies and courtyards above its parking deck.

The project would be the second from Trammell Crow Company in San Pedro after the 134-unit Vivo on Harbor complex at 511 South Harbor Boulevard, a block away, according to Urbanize.

In March, Trammell Crow was approved to build a 2.2 million-square-foot development in North Hollywood, with nearly 1,600 homes, offices and retail around the B Line subway terminus.

The 15.9-acre project, known as District NoHo, will be developed on land owned by the Metro transit agency and could break ground next year around the North Hollywood Station at Lankershim and Chandler boulevards.

Trammell Crow, founded in 1948 and now a unit of CBRE, has built or bought nearly 2,900 buildings containing 655 million square feet, valued at more than $75 billion, according to its website.

As of September, the firm had $19 billion in projects under construction and $13.4 billion in its pipeline.

— Dana Bartholomew