CLG Starts Work at its R3 Lofts Mixed-Use Project on Redwood
- Sep 08, 2014
California Landmark Group recently announced that is has started construction on its Marina Arts District mixed-use project. The company is currently developing its R3 Lofts project, a $30 million venture that has a development deadline set for the spring of 2016. CLG is working on the site at 4091 Redwood Avenue, where its concept combines a residential component with dedicated creative office space for its residents.
When completed, R3 Lofts will offer a total of 67 apartment units and a creative office component of 7.525 square feet. This developer boasts solid experience working in the Marina Arts District. CLG has already developed around 350 units and 500,000 square feet of space during the past decade, means that the live/work property will be developed with a substantial know-how, in order to better suit the needs of the submarket. The residential component of the R3 will include one- and two-bedroom apartments, which will be available for monthly rents between $2,300 and $3,900.
Working from a design by PK Architecture, CLG will develop a contemporary building that will draw from the look of nearby light industrial buildings. The property will feature a dramatic glass curtainwall lobby/entry complemented by a rooftop pool that will round out an amenity package that will also include a media room, gym, fire pit area, bike and guest parking, as well as additional storage space.
Landscaping and hardscaping at the property will be designed by Rios Clemente Hale Studios. The name of the project, R3, was inspired by the fact that this is the developer’s third venture on Redwood Avenue. The moniker fits CLG’s naming code, with Glencoe Avenue being the venue of its G1 and G2 projects.