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MARINA DEL REY, CA-A partnership called CityView that is chairedby former HUD secretary Henry Cisneros has teamed with LosAngeles-based California Landmark to unveil a new $90-million loftsproject here, with the Cisneros group as the major equity investor.The 119-unit development, called G2, will feature lofts on atwo-acre infill site within an industrial zone on Glencoe Avenuebetween Maxella Avenue and Washington Boulevard.

The new lofts are part of an ongoing revitalization of the area,which has come to be known as the Del Rey Arts District, aresidential and commercial zone that was predominantly industrialfor most of the past 50 years. The developers have startedconstruction and plan to start advance sales of the lofts in thespring of 2008, with the first units slated to be occupied in thefall of that year.