At a ceremony held last week, Trammell Crow Company subsidiary High Street Residential commenced work on a new multifamily residential complex near the L.A. Waterfront in San Pedro.
Vivo on Harbor, a joint venture with Principal Asset Management, will rise from a property located at 511 S. Harbor Boulevard, replacing a shuttered building that was once home to a Grinder restaurant. Plans call for the construction of an eight-story building featuring 137 studio, one-, and two-bedroom dwellings above 1,488 square feet of ground-floor commercial space.
Project entitlements, which were secured by Galaxy Commercial Holdings, include density bonus incentives permitting a larger structure than otherwise allowed by zoning rules. In exchange, 16 of the new apartments will be set aside as affordable housing at the very low-income level.
Designed by KFA Architecture, with Duane Border Design serving as landscape architect, the contemporary podium-type building will feature outdoor balconies along its exterior, as well as a rooftop clubhouse and terrace deck. Other common spaces will include co-working space, a courtyard deck, a fitness center, and on-site parking.
Other members of the project team include general contractor Snyder Langston and engineering firms DFDA and VCA. Comerica Bank provided construction financing for Vivo.
Completion of the apartment complex is expected in late 2024.
Construction of Vivo follows a wave of public and private investments in San Pedro over the past few years, including the $36-million waterfront promenade, a new plaza in the works at Harbor and 6th Street, and a larger 375-unti apartment complex on Palos Verdes Street. Construction recently commenced for the West Harbor development, a sprawling project that will bring new shops, restaurants, and a 6,200-seat amphitheater to the former Ports O' Call property.
- 511 S Harbor Boulevard (Urbanize LA)