California Landmark Group (CLG), a Los Angeles-based real estate firm, is cooking up plans for yet another mixed-use development in the Del Rey Loft District.
According to an environmental report published by the Los Angeles Department of City Planning, the company's latest project would rise from a T-shaped site at 4040 S. Del Rey Avenue. Currently, two alternatives for the site are under consideration.
Under the first option, which is represented in the renderings below, plans call for the construction of a four-to-seven-story structure which would contain 250 residential units, 1,700 square feet of commercial office space and a 300-square-foot neighborhood-serving coffee bar. The development would also include parking accommodations for up to 368 vehicles and 279 bicycles.
This alternative is contingent on the approval of a density bonus in exchange for providing 21 residential units for very-low income households.
The second option calls for the construction of two different buildings. A six-story structure would comprise 165 condominiums above approximately 10,000 square feet of first- and second-floor office space, while an adjacent four-story structure would include slightly over 26,000 square feet of self-storage space and vehicular parking.
Like the first alternative, this option would provide a 14-unit low-income housing component to take advantage of a density bonus. It also relies on a previously approved development for the site, which had called for a standalone self-storage facility.
Neither of the alternatives call for zoning variaces.
4040 Del Rey Avenue, like many of CLG's developments, was designed by Los Angeles-based PK Architecture. It is described as a sleek, modern building sculpted around the culture of Del Rey and other beach communities. Elevation plans indicate that exterior materials would include wood, aluminum panels, glass and stucco.
Construction of the project is expected to occur over approximately 28 months. A groundbreaking date is currently unclear.
A short distance east, CLG is in the midst of construction on the R3 lofts, a similar development on Redwood Avenue.
