July 20, 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

Newly Built Mar Vista Home with Spa and Plunge Pool Offered at $3.6M

July 13, 2025

July 13, 2025

The home’s powder room stands out with Roman Clay walls and a marble sink, while European oak floors, brass fixtures,...

Multi-Family Venice Property on Rare Double Lot Lists at Over $5M

July 7, 2025

July 7, 2025

In total, the four units provide 5,398 square feet of living space A multi-family property located one block from Venice...

Vacant Alphabet Streets Lot Lists for $1.99M After Price Cuts

July 7, 2025

July 7, 2025

The site previously held a 6,001-square-foot residence built in 2018, which included a basement, possibly streamlining the permitting process for...

Three-Bed Palisades Highlands Townhouse Hits Market for $1.7M

June 30, 2025

June 30, 2025

The Mediterranean-style property, located at 1529 Michael Lane, is part of a 71-unit community A remodeled 1,919-square-foot townhouse in the...

Six-Bed Mar Vista Hilltop Home Under Construction Lists for $5.3M

June 29, 2025

June 29, 2025

The private backyard is complete with a pool, spa, fire pit, built-in BBQ, and areas for outdoor dining A stunning...

Real Estate Trends Emerge in Palisades as Rebuild Begins

June 23, 2025

June 23, 2025

With an estimated 2,000 properties affected by the fires, these initial sales represent only a fraction of what’s expected In...

Renovated Riviera Estate Hits Market for $25M

June 16, 2025

June 16, 2025

Inside, floor-to-ceiling windows flood the home with natural light, with nearly every room opening to a private deck or patio...

Newly 15-Unit Mar Vista Complex Goes for Nearly $10M

June 15, 2025

June 15, 2025

Thirteen of the units are exempt from Los Angeles city rent control, allowing greater flexibility for future rent adjustments A...

ICE Detentions Confirmed in Culver City and Westchester Car Washes Amid Federal Raids

June 11, 2025

June 11, 2025

Families Say Loved Ones Taken Without Warning; Viral Video Shows Teen Screaming  While the focus has been on cities such...

Charlie Chaplin and Sam Francis’ Former Santa Monica Retreat Hits Market for $12.5M

June 9, 2025

June 9, 2025

The home’s entrance, framed by 500-year-old repurposed monastery gates, opens to lush landscaping designed by JohnstonVidal A luxurious Santa Monica...

Hundreds of Palisades Land Listings Hit Market, Outpacing Sales Post-Wildfire

June 9, 2025

June 9, 2025

The reopening of Pacific Coast Highway and ongoing repairs to Temescal Canyon Road are expected to ease access and support...

Marina del Rey Peninsula Home Sheds Nearly $1M Off Initial Asking Price

June 8, 2025

June 8, 2025

The tri-level property features 40 feet of direct beach frontage with panoramic views stretching from Malibu to Catalina Island A...

Historic Venice Building Envisioned by Abbot Kinney Hits Market for $2.29M

June 1, 2025

June 1, 2025

Kinney envisioned the building as part of an institutional foundation to rival Renaissance Italy, focusing on education and culture A...

Palisades Village to Reopen in 2026 with Revamped Retail, Dining, and Community Spaces

May 29, 2025

May 29, 2025

Elysewalker Set to Return With Park Reconstruction, Holiday Events, and Streetscape Upgrades Palisades Village, the open-air shopping and lifestyle destination...

Hollywood Man Charged in Deadly Attempted Robbery on 3rd Street Promenade

May 19, 2025

May 19, 2025

Santa Monica Police Say Planned After-Hours Sale Turned Violent Hollywood resident Karen Melikyan, 41, has been arrested and charged in...