Legacy Partners Completes $264M Mixed-Use TOD at Hollywood and Vine in Los Angeles

LOS ANGELES, CA,  June 30, 2010 — Legacy Partners, a leader in residential and commercial real estate for four decades, has completed development of 1600 Vine (top left photo), a $264 million mixed-use community that combines sleek with sustainable in one of California’s most avant-garde Transit Oriented Developments (TOD).

With 12 stories at the iconic corner of Hollywood and Vine in Hollywood, this premier community features market rate and affordable apartment units, nationally known retailers and a dedicated public parking lot, all located on the historic Hollywood Walk of Fame (middle right photo)  and directly above the Hollywood/Vine Red Line Metro Station. (lower right  photo)

Ten years in the making, 1600 Vine was a collaborative effort between Legacy Partners Residential, Gatehouse Capital and the Community Redevelopment Agency of the City of Los Angeles (CRA/LA).

 It encompasses 375 apartments (297 market rate, 78 affordable), 32,595 square feet of ground floor retail featuring Trader Joe’s, Wells Fargo Bank, Café Entourage, Bubbles (a full service dry cleaners), and a 215-space, on-site public parking lot.

 The community also shares a city block and grand valet parking entry and podium with the W Hotel Hollywood and W Residences, which boasts the famous 30,000-square-foot Drai’s Hollywood nightclub, (middle left photo) one of the most popular rooftop club destinations in Los Angeles. Collectively, the property brings the Golden Age of Hollywood into today’s fast-paced, celeb-driven LA.

With a multitude of floor plan configurations, pet-friendly apartment homes at 1600 Vine range in price from $2,375 to $11,125 per month.

There are 110 studios, 132 one-bedroom flats, 6 one-bedroom townhomes, 78 two-bedroom flats, 47 two-bedroom townhomes and 2 three-bedroom townhomes ranging in size from 612 square feet to 3,183 square feet.

Chic, spacious flats and lofts feature expansive windows, allowing residents to experience the city light and hillside views, including the famous Hollywood sign and Griffith Observatory.

Apartment amenities include spacious gourmet kitchens with solid surface counter tops and Energy Star gas range, microwave, dishwasher and refrigerator with icemaker; full-size stack washer and dryer; bathrooms featuring solid surface countertops and framed mirrors; central heat and air; and pre-wiring for high speed Internet access and cable TV.

Enviable on-site community amenities include a Resident’s Lounge with LCD TVs, billiards, bar and catering kitchen; 6th floor pool, spa, outdoor fireplace and gas barbeques; fitness studio with cardio, free weights, boxing bag and yoga/Pilates room; multiple outdoor furnished lounge retreats with Los Angeles skyline views; 11th floor rooftop terrace featuring outdoor fireplace, LCD TV, lounges and Zen garden; and an executive conference room and fully-equipped business center.

Contact: David Ebeling, Ebeling Communications, (949) 278-7851, david@ebelingcomm.com