January 16, 2025 #1 Local News, Forum, Information and Event Source for Venice Beach, California.

Construction on Hong Kong Developer’s 139 Unit Palms Development Underway

U shaped structure takes shape across the street from Sony Studios

By Dolores Quintana

Construction has begun on a 139-unit development planned in Palms.   

The Guo Rui Group, which is a development company from Hong Kong, has started construction of a new mixed-use, seven story building across the street from Sony Studios. 

This development will house 139 studio and one and two bedroom apartments as well as 2,000 square feet of retail space on the ground floor and a parking area that will be able to accommodate 140 vehicles. 

Kevin Tsai Architecture designed the project, which was formerly the site of a vacant auto repair shop, and the building will have a U shaped structure that surrounds a central courtyard and comes with terrace decks to give the development additional open spaces.

14 of the apartments will be allocated as deed restricted affordable housing in line with the Transit Oriented Communities Incentives that will also allow for a building that exceeds the usual size permitted by local zoning rules to be built in this location namely the northwest corner of Washington Boulevard and Motor Avenue.

Related Posts

Map Shows Where Palisades Homes Were Destroyed or Spared With Images

January 14, 2025

January 14, 2025

Over 5,300 structures have been destroyed with 12,000 threatened by the Palisades Fire, which has already charred 23,713 acres and...

Cost of New Mar Vista Complex Cut by $1.25M, Now Going for $10.75M

January 12, 2025

January 12, 2025

Completed in 2024, the four-story contemporary building features a rooftop deck with panoramic views of the city, including the skyline...

This 47-Unit Santa Monica Apartment Complex Is Going for $22M

January 5, 2025

January 5, 2025

The Half-Acre Lot Includes 33 On-Site Parking Spaces, Additional Driveway Parking and a Swimming Pool A midcentury multifamily property offering...

This 3-Bed Oceanfront Marina del Rey Condo is Going for $4.25M

January 5, 2025

January 5, 2025

Built in 1971 and Recently Remodeled, The Condo Combines Modern Design with Natural Materials A luxury oceanfront condominium offering panoramic...

OPINION: Los Angeles Is Decades Overdue to Switch Housing It Likes to Housing It Can Afford

January 2, 2025

January 2, 2025

Mark Ryavec Argues That Decades of Mismanagement and Costly Missteps Leave L.A. Ill-Equipped to Address Its Growing Homeless Crisis By...

$75M Malibu Estate Hits Market on Coveted “Billionaire’s Beach”

December 29, 2024

December 29, 2024

The Home Offers Sweeping Views of the Queen’s Necklace, Palos Verdes, and Catalina Island A sprawling estate on Malibu’s exclusive...

Vietnam War Veteran Killed in Santa Monica Hit-and-Run on Wilshire

December 25, 2024

December 25, 2024

Police Seek Public’s Help in Identifying Suspect After Fatal Collision The life of a Vietnam War veteran was extinguished in...

Ray Kappe-Designed Rustic Canyon Home Lists For Nearly $4M

December 24, 2024

December 24, 2024

The Property Includes Three Bedrooms, Four Bathrooms, and Numerous Balconies and Decks A striking home designed by acclaimed architect Ray...

$6M Spanish-Mediterranean Home in Pali Includes Canyon and Ocean Views

December 22, 2024

December 22, 2024

The 4,257-Square-Foot Residence Features Four Bedrooms and Five and a Half Bathrooms A Spanish-Mediterranean style home at 16647 Bienveneda Place...

Three-Bedroom Bungalow on N Beirut Ave. Lists for $2.8M

December 20, 2024

December 20, 2024

A Refinished Chimney Adds a Classic Touch, While Updated Interior Doors Bring a Fresh, Modern Look A stylishly updated family...

1940s Mar Vista Duplex to Become Six-Story Apartment Building: Report

December 16, 2024

December 16, 2024

The Project Is Being Designed by Mika Design Group, Which Has Envisioned a Contemporary Podium-Style Building A 1940s duplex on...

Six-Bed Estate on Sunset Boulevard Hits Market at $5.8M

December 16, 2024

December 16, 2024

Amenities Include a Home Theater, a Gym, and a Sauna on the Lower Level A contemporary estate boasting six bedrooms...

Mar Vista Apartment Building to Be Replaced by Affordable Housing Under Mayor Initiative: Report

December 4, 2024

December 4, 2024

Plans for the Five-Story Building Include 42 One- And Two-Bedroom Apartments A six-unit apartment building in Mar Vista is set...

33-Unit Santa Monica Apartment Complex Listed for $23M

November 28, 2024

November 28, 2024

The Property Offered at Approximately $576 per Square Foot A multifamily apartment complex located at 537 San Vicente Boulevard has...

Santa Monica Place’s Value Falls by Nearly 60%: Report

November 21, 2024

November 21, 2024

Retail Vacancies Have Compounded the Mall’s Struggles Santa Monica Place, a high-profile shopping destination in Santa Monica, continues to face...