Los Angeles Los Angeles

An affiliate of Starwood Capital Group and Holland Partner Group have formed a joint venture to build a 375-unit multifamily project in San Pedro, CA. Located at 550 Harborfront, the project is located in an opportunity zone. The San Pedro waterfront is experiencing a resurgence, led by the Port of Los Angeles improvement project.

The seven-story building will include a mix of one-, two-, three- and four-bedroom apartment units. It will also include class-A amenities a two-story fitness center, resident lounges, a pool and a rooftop lounge with outdoor kitchens and barbecue stations. This will be the first class-A project to come to San Pedro since 2008.

The developers plan to bring the property to market in 2020. The project is part of Starwood's opportunity zone business, which was announced in January of this year.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.