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LOS ANGELES COUNTY NEWS
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Strategic Legacy Investment Group Starts Work on Hollywood Res Project

6/08/17

LA-based Strategic Legacy Investment Group Inc (SLIG) has commenced demolition of an existing property in Hollywood for the future construction of the Barton Estates @ Central Park. The project is located at 5447 and 5455 Barton Ave, at the intersection of N. St. Andrews Place and Barton Ave.

Barton Estates @ Central Park is the result of a parcel subdivision and it will consist of eight single-family homes, which will be offered for sale as of June 2018. SLIG’s subsidiary, Strategic Legacy Realty, will be handling the marketing and sale of the eight single-family homes. The homes will be priced at $1.2 mil each.

The site measures 12.6k sft and had been occupied by two single-family homes prior to the demolition. The new project was designed by architect Jay Vanos and will be built by Burrell Construction, led by George Robles, along with the SLIG superintendant on the project, Wilberth Maradiaga.

Barton Estates @ Central Park will contain a mix of two- and three-bedroom homes, which will have rooftop decks, front and backyard areas, a private entry gate, high-end finishes, smart home technology and attached two-car parking.

The property is within blocks of all that Hollywood has to offer, including the ArcLight Theatre, the W Hotel and numerous restaurants and nightclubs. Also nearby is the site of the proposed Hollywood Central Park Project, a 38-acre public “Cap Park” that will be built on top of the 101 Freeway.

SLIG is active in the Hollywood market, as Barton Estates @ Central Park is part of a portfolio of six assets totaling $65 mil in value. Four of these are currently in development within a one-mile vicinity of this project. The total SLIG portfolio is now valued at $206 mil.

Noted Michael Sabet, Vice President of SLIG, “Our original sales estimations for Barton Estates @ Central Park were on average $867,000 per home. We are happy to say that current market conditions tell us that these same units can be sold today at an average of $1,200,000 per home, giving our investors even greater returns than originally anticipated.”






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