Santa Monica, CA – Century West
Partners, a Los Angeles-based residential development venture, in partnership
with Hartford, Conn-based Cigna, have broken ground on the first phase of The Gibson (top left photo) at 7th
and Arizona – a two-building, 106-unit upscale apartment development in Santa
Monica, Calif. Santa Monica Mayor Richard Bloom attended the
ground-breaking..
Formed
last year, Century West Partners is headed by veteran
residential developers Michael
Sorochinsky (lower right photo) of Los Angeles-based Cypress
Equity Investments and Randy and Steve Fifield of Chicago-based Fifield
Companies.
The project will be the venture’s first apartment
development in the Santa Monica market and third development in the Los Angeles
Area, following the 404-unit Avant and 303-unit K2 LA, in downtown Los Angeles
and Koreatown, respectively.
“Bringing the Century West brand to the Santa
Monica market is an exciting opportunity for us,” said Sorochinsky.
“This is a highly-desirable location that will offer residents immediate access
to some of the best cultural and retail destinations the Los Angeles area has
to offer.
“They
will be only a short walk from the famed Third Street Promenade, as well as
Santa Monica State Beach and Santa Monica Pier.”
For a complete copy
of the company’s news release, please contact:
Kim Manning, kmanning@taylorjohnson.com, (312)
267-4527
Mark Thomton, mthomton@taylorjohnson.com,
(312) 267-4523
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