$95M Venice MXU Development Site Hits Market

A prime mixed-use hotel, live-work condominium, and retail development site in the heart of Venice Beach is being marketed for sale by CBM1. The multi-site, $95-million investment opportunity combines two lots, one at 812 Main St. and another at 910 S. Abbot Kinney, to create a roughly 130,000-square-foot development.

The project includes a 43-suite luxury boutique hotel and nine condominium homes, five of which are incorporated into the hotel at 812 Main St., with the remaining four residential units are situated across the street at 910 S. Abbot Kinney, and positioned as live-work lofts. Additional components include a 23,350-square-foot retail building, along with a multi-level underground parking facility with roughly 250 spaces.

CBM1’s Geoff Grossman is handling the listing for a site at the gateway to the fashionable Abbot Kinney retail shopping district. Grossman says, “This is one of those rare investment opportunities that comes to fruition, despite everyone proclaiming: ‘It can’t be done!’”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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