Porter Mar Vista Apartments
The Mar Vista Project is a Triumph in Strategic Development
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BEACH CITY CAPITAL
From Vision to Reality: The Mar Vista Project
The Mar Vista Project began with a vision—one
rooted in the strategic acquisition of prime real
estate and the ambition to create a residential
community that offers both luxury and
affordability. The journey started when Beach City
Capital entered into a joint venture agreement
with the landowner, for parcels located at 1275
Mitchell Ave in Mar Vista. Recogni
zing an
opportunity, Jason Muller then expanded the
project by acquiring the adjacent parcel. This move
not only increased the project's potential but also
solidified Beach City Capital's commitment to
maximizing the site's value. With design and
entitlement processes underway, the project
encountered local opposition, leading to significant
shifts—from condos to rental apartments, and from
40 units down t
o 27. This pivot was necessary to
navigate regulatory challenges, including
compliance with SB330 and the requirements of
the Ellis Act, all while maintaining the project's
viability. This shift not only met the needs of the
market but also aligned with the project's new
financial structure, which included significant
investments from Nuveen Green Capital, Marquee
Funding Group and Commune Capital.
Construction & Project Completion
With financing in place, construction began under
the management of Fassberg, a reputable
construction firm known for delivering high-
quality projects on time. Despite the challenges,
including a lawsuit related to tenant relocation
during the COVID-19 moratorium, the project
moved forward. The Mar Vista Project is now
nearing completion, with construction on track to
finish in
December 2024. The development will
feature three floors of Type IIIA construction over a
Type I podium, offering 57 at-grade parking stalls.
Each of the 27 units is designed with modern,
high-end finishes, luxury amenities, and efficient
layouts that cater to the needs of roommates. The
project's design includes a large rooftop deck, a
coworking room, and a central courtyard,
providing residents with a b
lend of luxury and
community living.
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