Mariner’s Bay Set for $65M Reno

The property has ocean views from 70% of the units.

LOS ANGELES—Legacy Partners have begun a $65 million renovation of the Mariner’s Bay, a 379-unit apartment community in Marina del Rey. Legacy purchased the property in May 2015 in a joint venture with Prudential Real Estate. The renovation project will focus on both the interior and exterior and will take approximately 30 months.

Mike Rovner Construction and the architect is Area Architecture are building and designing the renovation. The first phase of the renovation will upgrade 65 units as well as a new leasing office and fitness center, and will be completed in May of this year. The interior renovations include updates to all appliances, fixtures and balconies, as well as installation of high-efficiency windows and new central heating and air conditioning. All of the property’s amenities will also be overhauled.