The proposed redevelopment of the Neptune Marina apartments has gotten a much-needed shot in the arm.

According to a document from the Los Angeles County Board of Supervisors, Greystar Real Estate Partners has taken over a majority stake in the $300-million project, which encompasses nearly 10 acres of property overlooking the Marina del Rey waterfront.  Legacy Partners, a California-based firm, has spearheaded the development process thus far and will retain a stake in the development.

The existing Neptune Marina, one of the earliest housing complexes in Marina del Rey, consists of multiple two-story structures at the intersection of Via Marina and Marquesas Way.  Under the joint plan from Legacy and Greystar, those buildings would be demolished to make space for a series of four-story structures featuring 526 apartments, modern amenities and a new waterfront promenade.

The website of TCA Architects, the design firm behind the project, states that the new buildings would incorporate texture, stone accents and a natural color palette.  Common spaces such as lobbies, mail rooms and boater facilities are placed along the public edges to ensure street activation.  Overall, the design takes inspiration from the mid-century modern style, reflecting Neptune Marina's 1960s heritage.

A construction timeline for the project remains unclear.

New developments are also on deck two abutting properties, including the AMLI MDR apartments and a proposed Marriott hotel.

Neptune Marina (Image: TCA Architects)
Neptune Marina (Image: TCA Architects)
Neptune Marina (Image: TCA Architects)
Neptune Marina (Image: TCA Architects)
Neptune Marina site (Image: Google Maps)

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Checking in on the Slow-Moving 1133 Hope Condo Tower

The 28-story tower broke ground in March 2017.

Slowly but surely, the concrete frame of 1133 Hope Street rises in South Park. The 28-story tower, located just east of Metro's Pico Station, will feature 200 residential units above 5,000 square feet of ground-floor retail uses and a parking podium upon completion.  Plans for the mixed-use project dated back to 2005, when the Canadian development firm Amacon initially submitted plans for a 35-story building on the site.