California Landmark Group is developing the city’s west side community to feature 67 apartment units with more than 7,500 square feet of creative space for use primarily by residents. Ken Kahan, the Los Angeles-based company’s president says the new community will give residents a place to work outside of their apartments but still in a convenient and accessible location.
“There are so many creative professionals who outgrow their own space and are forced to find office space away from their homes,” Kahan says in a news release. “The R3 project changes that dynamic. As our residential tenants’ businesses grow we can provide them a solution right downstairs. It’s a new take on the live/work concept, and something we think will be both innovative and extremely practical.”
The construction of R3 Lofts, which will be located in the Marina Arts District, was announced Tuesday in a news release and has plans to feature one- and two-bedroom units.
The company is developing several projects in the area; this is the company’s third project on the same street, Redwood Avenue. The R1 Living Lofts, a condominium loft project, and the R2 Living Lofts are located just about a block south of the new community. When the R3 project is completed, the company will have developed more than 400 units and 500,000 square feet of community space on about eight acres of land in less than a decade.
Having Santa Monica, Playa Vista and the ocean in close proximity is one of the reasons Kahan is so drawn to the Marina Arts district, he says. Having retail close to the development also makes walkability one of the key attractions to the area.
“We love this intermix and believe that traditional concepts of separate zoning should not apply given changes in technology and lifestyles,” he says. “When you can do work on a new business after dinner, or answer emails at 2 a.m. or see a movie in the middle of the day it is time to reconsider how we build and develop.”
Lindsay Machak is an associate editor for Multifamily Executive. Connect with her on Twitter @LMachak.