California Landmark Group and Cayton Capital have announced the completion of R3, a $30-million loft-style development in the Marina del Rey Arts District.

Located at 4091 Redwood Avenue, the five-story building feature 67 apartments and more than 5,000 square feet of office space.  Approximately 35% of its units are now leased, with the remainder expected to be rented out by Summer 2017.

The R3 lofts include a mixture of one- and two-bedroom floor plans, ranging between 685 square feet and 1,655 square feet in size.  The interiors feature high ceilings, exposed ductwork, stainless steel appliances and walk-in closets.  All residents will have access to amenities including a rooftop poool, a fitness center and a yoga garden.

PK Architecture designed the podium-type building.

California Landmark Group has recently broke ground on a similar development on Del Rey Avenue, and is planning another mixed-use building one block away.

Image courtesy of California Landmark Group

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Mixed-Use Development Planned Near Laguna Niguel Metrolink Station

The project is part of the city's Gateway District.

The Laguna Niguel Planning Commission has approved a mixed-use development near the city's Metrolink Station.  The joint venture between Blackwood Real Estate and Walbern, located near the intersection of Crown Valley Parkway and Forbes Road, will consist of 100 two- and three-bedroom apartments in a seven-story building.  Plans also call for 2,700 square feet of ground-floor retail space, as well as a pool courtyard, a fitness center, a private garden, and a sky deck.