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December 11, 2017
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LOS ANGELES COUNTY NEWS
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Strategic Legacy Investment Group Starts Work on 32-Unit Res Project in Hollywood

10/16/17

Los Angeles-based Strategic Legacy Investment Group Inc (SLIG), has commenced demolition of the existing properties at a Hollywood site for the construction of a new multifamily development called The Dream @ Tamarind South.

Located at 1310 Tamarind Ave, at the northeast corner of Tamarind and Fountain Ave, the new project is the result of a three-lot assemblage that measures 19.6k sf. Prior to the demolition, the site was occupied by a duplex, a triplex and a six-unit apartment building.

The Dream @ Tamarind South will consist of 32 units. Architect Babak Azimi designed the new complex, which will be built by Burrell Construction, led by George Robles, along with senior project manager, Emanuel Sabet.

The project will contain a mix of one-, two- and three-bedroom apartments with amenities that include smart home technology, secured subterranean parking, solar rooftop energy panels, bike stations, a rooftop lounge and electric car charging stations. In addition, residents will get private access to all amenities located at the future "sister" multifamily development, called The Dream @ Tamarind North, which will contain 21 units.

With a Walk Score of 83, the property is centrally located within blocks of all that Hollywood has to offer, including The Dream Hotel, ArcLight Theatre, W Hotel, Emerson College, Netflix Corp Headquarters, Sunset Bronson Studios, and numerous amenities, designer stores, restaurants and Hollywood's famous nightclubs. In addition, this project is only two blocks away from two Metro Redline stops.

Marketing for the project, which will be available for lease as of October, 2018, is being handled by SLIG’s subsidiary, Strategic Legacy Management Corp.

SLIG is active in the Hollywood market, as The Dream @ Tamarind South is part of a six-property portfolio totaling $65 mil in value. Four of these are currently being developed by SLIG within a mile of this project. The total SLIG portfolio is now valued at $206 mil.

Commenting about developing The Dream @ Tamarind South, Abraham Mehrian, President and Chairman of SLIG, noted that by removing the substandard improvements that had been on the site and constructing this project, the company had added an additional 21 residential units in an area very much in need of additional housing.




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