More retail space and 658 units of housing
A decades-old shopping center in Marina del Rey might be getting some major updates and several hundred units of housing, according to plans filed with the city last week.
The project would transform the Marina del Rey-adjacent Marina Marketplace, which, right now, is home to a Barnes and Noble and DSW shoe store, among other shops. Plans call for 27,300 square feet of new retail space, along with 658 units of housing—66 of those units will be deemed affordable, which is nice considering the rapidly price of rent in the area. It’s not clear how many of the businesses currently located within the marketplace will be displaced by the new project.
As Urbanize LA reports, the 6.8-acre complex was developed in the 1970s and acquired by RREEF Real Estate in 2006. Renovation plans for the marketplace, along with the neighboring Villa Marina shopping center, were first reported in 2008.
Since then, RREEF property manager Jones Lang LaSalle has significantly updated the Villa Marina complex on the northern side of Maxella Avenue. The shopping center now includes a dine-in AMC theater and an Equinox Fitness.
Curbed has reached out to the developer for more information on the project.