Seven months after we last dropped by, the wood-and-concrete frame of a mixed-use development from Holland Partner Group is taking shape near the L.A. Waterfront.
Located at 550-560 S. Palos Verdes Street, the project will consist of a seven-story building containing 375 studio, one-, two-, and three-bedroom apartments above 5,000 square feet of ground-floor retail space.
The podium-type complex spans across an approximately 2.5-acre property, with a series of elevated courtyards, used to break up its streetwall. Renderings by MVE + Partners portray a contemporary design.
Completion is anticipated in 2020.
Holland Partner Group had previously been tapped to redevelop another property in Downtown San Pedro - the vacant San Pedro Courthouse - before dropping off the project last year. But the Vancouver, Washington-based real estate firm has not entirely turned its back on the South Bay - it recently commenced construction of an eight-story apartment complex in Downtown Long Beach.
- 550-560 S. Palos Verdes Street (Urbanize LA)