United El Segundo will build an apartment of 180 square meters. The complex will be on the corner of West Santa Monica Boulevard and South Barrington Avenue. There will be 180 units in the property.

The five-storey building will feature an underground garage with 594 vehicles and Whole Foods on the ground floor. Moreover, approximately 20 percent of the apartments will be allocate for low-income households at an affordable price. Besides, the development will be approximately 65,000 square meters, and almost 65,000 will be allocated to Whole Foods and a restaurant.

United El Segundo paid $ 37.5 million for the 2.6-acre area. Furthermore, the project may increase as soon as next year and may take two years to complete.

Source: The Real Deal

Melike Vodina / realestatecoulisse.com