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$30M Marina Arts District MF Completed with Co-Living Units

California Landmark Group (CLG) completed construction of C1, the first large multifamily development in Los Angeles to feature co-living housing. The property at 4210 Del Rey Ave. in Marina del Rey’s Arts District includes 51 luxury market-rate studio, one and two-bedroom apartment homes.

The $30 million project also includes 17 fully furnished co-living units, with floor plans ranging from three to six bedrooms, each specifically-designed for communal living.

CLG’s Ken Kahan says, “While the co-living units are larger and fully-furnished, which makes them more expensive to develop, the cost per bedroom drops and we can provide individuals more affordable housing options than traditional rental units.”

He notes the emergence of co-living was inevitable in Los Angeles, given societal shifts and rent burdens that can soak up as much as 50 percent of a renter’s income. Starcity, a San Francisco-based pioneer in community-based living, is overseeing property management and programming for both co-living and market rate units.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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