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California Landmark Group eyes additional units at R3 Lofts
The Westside developer sees opportunity in adding new apartment at its existing Del Rey complex
Amid the push for more housing in Los Angeles, one developer wants to add a few more units onto its existing apartment complex.
California Landmark Group opened its 68-unit R3 Lofts condominium project in Del Rey three years ago, which has since been converted to rentals.
Now, the Westside firm wants to add another nine units at the six-story building at 4091 Redwood Avenue, including three affordable units. CLG filed plans for the unusual move this week.
The developer needs approval for a density increase, increased height, and floor area to add the units, suggesting the additional units could get stacked on top of the existing building.
The complex includes creative office space on it lower levels, as well as a gym and a rooftop pool. It’s situated between Venice and Culver City, both core neighborhoods of Silicon Beach, where developers are racing to build housing and office space to meet demand from tech and media companies, and their employees.
Around the corner from R3 Lofts, Sares-Regis is nearing approval for a mixed-use, 658-unit project at the site of the Marina Marketplace shopping mall.
The neighboring Hotel MdR sold last year to London & Regional Properties for $127 million.