Legacy Wraps Up $264M Mixed-Use Project at Hollywood and Vine
- Jul 01, 2010
July 1, 2010
By Allison Landa, News Editor
Residential and commercial real estate developer Legacy Partners has completed development of 1600 Vine, a $264 million mixed-use project at the corner of Hollywood and Vine in Los Angeles, Calif.
The 12-story community features 375 apartments – 297 market-rate, 78 affordable – as well as 32,595 square feet of ground-floor retail including Trader Joe’s, Wells Fargo Bank, Café Entourage, and Bubbles dry cleaners. It also has a 215-space on-site public parking lot.
The apartments range in price from $2,375 to $11,125 per month. There are 110 studios, 132 one-bedroom flats, six one-bedroom townhomes, 78 two-bedroom flats, 47 two-bedroom townhomes and two three-bedroom townhomes ranging in size from 612 to 3,183 square feet.
In addition to Legacy, the project team for the development includes general contractor Webcor, financial partner CalPERS, lender Deutsche Bank, architect HKS Architects, landscape architect Rios Clementi Hale Studios, structural engineer DCI Engineers, and civil engineer Fuscoe Engineering.
Over the last 40 years, Legacy has acquired, developed, and managed a $7 billion portfolio in Northern California, Southern California, Arizona, Colorado, Washington, and Texas. It is based in Foster City, Calif.