LOS ANGELES — Legacy Partners Residential has completed construction of 1600 Vine, a $264 million, transit-oriented, mixed-use project located in Los Angeles. The 12-story project is centrally located at the corner of Hollywood Boulevard and Vine Street in Hollywood.
It primarily consists of 375 apartments in a mix of 297 market-rate units and 78 affordable units. The residences include studios; one- and two-bedroom flats; and one-, two- and three-bedroom townhomes. Units range in size from 612 to 3,183 square feet, and rents range from $2,375 to $11,125 per month.
Amenities for 1600 Vine include a residents lounge with LCD televisions, billiards tables, a bar and a catering kitchen. The building's sixth floor contains a pool, a spa, an outdoor fireplace and gas barbecues. An 11th floor rooftop terrace contains an outdoor fireplace, TVs, lounges and a zen garden. Additional amenities include a fitness center a conference room and a business center.
In addition to the multifamily space, 1600 Vine contains 32,595 square feet of ground-floor retail space. Tenants include Trader Joe's, Wells Fargo, Café Entourage and Bubbles. There is a 215-space public parking lot that will provide spaces for both the adjacent W Hotel Hollywood & Residences as well as the Hollywood/Vine Red Line Metro Station, which is directly below the project. Finally, the building contains six billboards totaling more than 12,000 square feet of advertising space.
Legacy Partners is the project's developer and property manager. Webcor Builders was the general contractor and HKS Architects designed it. CalPERS is the project's financial partner, and Deutsche Bank AG is the lender.
— Coleman Wood