Coastal MDR Development Opportunity

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present the opportunity to acquire the Coastal MDR Development Opportunity (the “Property”, the “Site”), a rare ±0.64-acre development parcel in the beachside community of Marina del Rey.

The Property is a blank canvas for a residential developer, currently unentitled and located in the Palms/Mar Vista/Marina del Rey planning area, and allows for high-density residential developments. This Site is currently used as a park and dog run exclusively for residents of the adjacent 244-unit luxury apartment community, Stella. Stella is currently owned by the same ownership as the Coastal MDR Development Opportunity, and marketed separately by JLL.

The Coastal MDR Development Opportunity may be offered separately for development or tax benefits (Measure ULA threshold: 4.0%, $5.15M to $10.3M), or considered as part of an offer for Stella.

Future residents will enjoy being located steps away from the Marina and a few more blocks to the Pacific Ocean. This development parcel benefits from its prime location in Marina del Rey (“MDR”). The site has exceptional walkability, with an impressive WalkScore of 86, significantly above the MDR average of 63, thanks to its proximity to multiple retail and dining destinations.

Adjacent to the Property is the Marina Marketplace, a ±500k SF regional mall featuring upscale tenants such as Gelson’s Marketplace, Equinox, AMC Dine-in Theatres, Yard House, and Ruth’s Chris Steakhouse. Within a 2-minute walk are other major grocers such as Pavilions, Ralphs, and CVS, provide unique accessibility throughout MDR.

The Property enjoys excellent frontage on the Marina Expressway and partially along Lincoln Blvd, providing residents with quick access to famous Venice Beach, the Abbot Kinney retail corridor, and the major job centers within Silicon Beach.