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Strategic Legacy Investment Group is about to break ground on an upscale residential development on the Westside of Los Angeles, in Ladera Heights. The 36-unit project, Knowlton Luxury Residences, is located at 6944 Knowlton Place, just south of Centinela Ave at La Cienega Blvd. Groundbreaking is set for July 24th of this year at the site location,
The 45k sf development covers a 23k sf parcel and will contain three floors of residential units over a single level with 60 parking spaces. It will offer an apartment mix consisting of six one-bedroom units, 24 two-bedroom units and six three-bedroom units, ranging in size from 750 sf to 1.5k sf.
The project boasts an array of desirable amenities, such as a luxurious rooftop with a bar, barbeque, fire pit and fireplace, along with a lounge and dining area. There will also be a gym with full amenities, a swimming pool with an artistic European design and resort-level landscaping.
Knowlton Luxury Residences is situated close to LAX and the 405 Fwy. It is also near the up and coming Silicon Beach area and has easy access to the Metro Yellow Line, currently under construction.
The development was designed by Babak Azimi of Arcaforma and is being built by Burrell Builders Inc. Sanna Pollanen of The Interior Studio is the interior architect. Overseeing the project for Strategic Legacy Investment Group is Emanuel Sabet, senior project manager, and Sean Baghdasian, assistant project manager.
The total estimated project value for Knowlton is about $17.6 mil. Approximately 39% of the project is being funded with money from individual investors, through their IRAs, 401 Ks and other retirement plans. Construction is slated for completion by the end of the third quarter of 2017.
News Source: Rentv