Trending...
- California: Deadline day: Today is the last day to register up for Los Angeles fire debris removal - 612
- PebblePad Welcomes Justin Reilly as New CEO to Drive Innovation and Growth
- Home Run Pest & Termite Control Launches Monthly Mosquito Service to Help Wylie, Plano, and Rockwall Homeowners Reclaim Their Backyards
M1 is the largest apartment development in Silver Lake in the last 10 years
LOS ANGELES - Californer -- California Landmark Group has completed the 100-unit M1byCLG ("M1"), the largest multifamily development in Los Angeles' Silver Lake submarket since 2015
M1 represents California Landmark's entry into one of Los Angeles's most trendy neighborhoods known for its eclectic mix of boutique shops and artisan restaurants. Despite its popularity, Silver Lake suffers from a supply/demand imbalance with the majority of the multifamily inventory consisting of small, older buildings lacking today's modern amenities, according to Ari Kahan, head of acquisitions and development for CLG.
"It was important that our design fit within the fabric of this architecturally significant region of Los Angeles," said Kahan. "M1's classic industrial design, pays homage to historic Silver Lake and is reminiscent of the original manufacturing buildings constructed here in the early 1900's. The property has been well received by the community which is reflected in the tremendous leasing velocity we have experienced," he said.
More on The Californer
To ensure the authenticity of the exterior structure CLG worked with PK Architecture to include oversized manufacturing-style windows, exterior standpipes and traditional fire escapes. The unit mix includes junior and traditional one-, two- and three-bedroom floorplans along with several co-living suites. Each apartment home features floor-to-ceiling windows, stone countertops, stainless steel appliances, in-unit washer and dryers, walk-in showers and private patios. Common area amenities include a fitness center, co-working space and a roof-top deck with pool and spa, barbecues, and unobstructed views of the Hollywood Hills. The six-story structure is built over a subterranean garage with parking, and a lobby that pays homage to Herman Silver, the former chairman of the Los Angeles Water Commission whose idea was to create a reservoir surrounded by homes and parks that is now Silver Lake.
Located at 1221 Myra Avenue on the southwest corner of Fountain Avenue, M1 is within walking distance to Sunset Junction, considered the heart of Silver Lake, with its many restaurants and cafes, shopping and entertainment venues. It is also within a 10-mile drive of the major job centers of downtown Los Angeles, Pasadena, and Century City. M1 is also served by the nearby Vermont/Sunset station on the Metro B Line that runs between North Hollywood and downtown Los Angeles, with connections throughout the Greater Los Angeles metro.
More on The Californer
Silver Lake boasts an inventory of approximately 7,500 rental units with the majority built in the 1950s. M1 is the largest multifamily development to be delivered to the market since 2015, according to data from CoStar.
M1 is currently 60% leased.
ABOUT CALIFORNIA LANDMARK
California Landmark Group (http://www.californialandmark.com), based in Los Angeles, has a current portfolio of several million square feet of residential and commercial space including in excess of 3,000 apartment units (leased or in development) as well as office, retail and industrial projects throughout Southern California.
M1 represents California Landmark's entry into one of Los Angeles's most trendy neighborhoods known for its eclectic mix of boutique shops and artisan restaurants. Despite its popularity, Silver Lake suffers from a supply/demand imbalance with the majority of the multifamily inventory consisting of small, older buildings lacking today's modern amenities, according to Ari Kahan, head of acquisitions and development for CLG.
"It was important that our design fit within the fabric of this architecturally significant region of Los Angeles," said Kahan. "M1's classic industrial design, pays homage to historic Silver Lake and is reminiscent of the original manufacturing buildings constructed here in the early 1900's. The property has been well received by the community which is reflected in the tremendous leasing velocity we have experienced," he said.
More on The Californer
- California: Governor Newsom grants executive clemency in 25 cases, including posthumous pardon to Army veteran Sergeant Penry
- Grammy Winner Cory Henry To Host Easter Sunday Celebration Concert In Inglewood
- Boston Industrial Solutions, Inc., introduces Rubber and Foam Printing Ink
- California: Governor Newsom announces appointments 4.18.25
- California breaks ground on critical flood protection project in the Central Valley
To ensure the authenticity of the exterior structure CLG worked with PK Architecture to include oversized manufacturing-style windows, exterior standpipes and traditional fire escapes. The unit mix includes junior and traditional one-, two- and three-bedroom floorplans along with several co-living suites. Each apartment home features floor-to-ceiling windows, stone countertops, stainless steel appliances, in-unit washer and dryers, walk-in showers and private patios. Common area amenities include a fitness center, co-working space and a roof-top deck with pool and spa, barbecues, and unobstructed views of the Hollywood Hills. The six-story structure is built over a subterranean garage with parking, and a lobby that pays homage to Herman Silver, the former chairman of the Los Angeles Water Commission whose idea was to create a reservoir surrounded by homes and parks that is now Silver Lake.
Located at 1221 Myra Avenue on the southwest corner of Fountain Avenue, M1 is within walking distance to Sunset Junction, considered the heart of Silver Lake, with its many restaurants and cafes, shopping and entertainment venues. It is also within a 10-mile drive of the major job centers of downtown Los Angeles, Pasadena, and Century City. M1 is also served by the nearby Vermont/Sunset station on the Metro B Line that runs between North Hollywood and downtown Los Angeles, with connections throughout the Greater Los Angeles metro.
More on The Californer
- Long Beach Public Library to Host Community Feedback Meeting for Michelle Obama Neighborhood Library Garden
- California: Governor Newsom announces $200,000 in rewards for unsolved crimes in Hillsborough, La Mesa, Lemoore, and Petaluma
- FeelWise to Exhibit at ATD 2025 International Conference & EXPO in Washington, DC
- Webinar Announcement: Mexico's Evolving AML/CFT Environment: FATF Review and FTO Designations
- Freedom Seder LA Brings Together Black, Jewish, and Black-Jewish Leaders for an Evening of Unity and Liberation
Silver Lake boasts an inventory of approximately 7,500 rental units with the majority built in the 1950s. M1 is the largest multifamily development to be delivered to the market since 2015, according to data from CoStar.
M1 is currently 60% leased.
ABOUT CALIFORNIA LANDMARK
California Landmark Group (http://www.californialandmark.com), based in Los Angeles, has a current portfolio of several million square feet of residential and commercial space including in excess of 3,000 apartment units (leased or in development) as well as office, retail and industrial projects throughout Southern California.
Source: California Landmark Group
Filed Under: Real Estate
0 Comments
Latest on The Californer
- California: $4.4 million stolen goods recovered, 383 arrests made in three months
- Artist Séfora Camazano Honored with Prestigious Prize "The New Great Masters in New York"
- MoMojo Records announces posthumous album from Kip London
- Guests Can Save 20 Percent on a Florida Keys Vacation Home Rental with KeysCaribbean's 'Last-Minute Booking Discount'
- VP Technology at Rocket Publishes Groundbreaking Article on Transparent AI in Hiring
- All-Woman Trial Team Wins Major Verdict in Major Case
- Iohexol Injection of Beilu Pharmaceutical Receives MA in the EU
- Thrive Cannabis Marketplace Opens New Main Street Dispensary in Las Vegas Arts District
- Silicon Valley Pediatric Dentistry and Orthodontics Welcomes Dr. Adrienne Nguyen to Santa Clara Team
- ReferFriends.io Officially Launches: A New Global Hub for Sharing and Discovering Referral Codes
- Emerging Managers Podcast Launches, Highlighting New Players in Venture Capital Outperforming the Status Quo
- John Travolta To Host 22nd Annual Living Legends Of Aviation Awards In Beverly Hills On April 25th 2025; Legends To Honor Aerial Fire Crew Heroes
- North American Security Launches New Website to Reflect Evolving Industry Demands and Client-Centered Solutions
- Why Fractional Marketing Is the Future for Startups
- Socket Mobile Announces First Quarter 2025 Results Release Date and Conference Call
- Court rally press conference defend the California Tenant association leadership at Superior Court
- Liberalalliance Wealth Society Launches AI-Powered Investment Education Platform for Global Learners
- OM Drapes Design Announces Grand Opening at Laguna Design Center
- Flexi-View Lending Closes $5.9 Million Fix-and-Flip Loan in Ponca City, Oklahoma
- Home Run Pest & Termite Control Launches Monthly Mosquito Service to Help Wylie, Plano, and Rockwall Homeowners Reclaim Their Backyards