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Bolour Breaks Ground on Lux MF in Silver Lake

Beverly Hills-based Bolour Associates, Inc. broke ground on a $24-million luxury multifamily complex in Los Angeles’ Silver Lake neighborhood. The 65-unit, Class A apartment project at 3160 Riverside Dr. will include a swimming pool, gym, club room and lushly landscaped common areas. It will feature 29 studios, 27 one bedroom/one bathroom units, and nine two bedroom/two bathroom units.

Bolour’s Adam Eisenberg says, “This vertical approach allows us to keep our production costs low, in an environment where land prices, interest rates and construction costs are all rising.”

When development entitlements for the site were obtained in 1991, they were codified with a qualifying condition (Q Condition), which meant the 30,000-square-foot property’s approved land use was still active after more than 27 years. The discovery was made during Bolour’s due diligence process. Bolour added a state bonus density to the existing entitlements, and received an approval from the City of Los Angeles.

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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.