Strategic Legacy Investment Group, Inc. Commences Demolition For The Dream @ Tamarind South In Hollywood
The new apartment project will contain 32 units
HOLLYWOOD, Calif., Oct. 9, 2017 /PRNewswire/ -- Strategic Legacy Investment Group, Inc. (SLIG), a Los Angeles-based private placement investment firm primarily focused on real estate development, announces that it has commenced demolition of existing properties for the construction of a new multifamily development called The Dream @ Tamarind South. SLIG is celebrating the occasion with a groundbreaking ceremony on the property on Sunday, October 15th from 2:00 – 4:00 PM.
Located at 1310 Tamarind Avenue, the new project is the result of a three-lot assemblage that measures 19,630 square feet. 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, which will be available for lease as of October, 2018. SLIG's subsidiary, Strategic Legacy Management Corp, will be handling the marketing and leasing. 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. It 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.
SLIG is active in the Hollywood market, as The Dream @ Tamarind South is part of a six-property portfolio totaling $65 Million 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 $218 Million.
Commenting about developing The Dream @ Tamarind South, Abraham Mehrian, President and Chairman of SLIG, said, "In this housing crisis, it is gratifying to know that we have removed 11 substandard units and are replacing them with 32 units in a new complex, thereby improving the quality of life deserved by the residents of Hollywood."
Added Emanuel Sabet, Senior Project Manager of SLIG, "To me, overseeing four simultaneous multifamily projects in Hollywood is not only a great honor but also a great responsibility. With many new developments in Hollywood and particularly on Tamarind Street, we felt it was important to deliver a product that was a bit more elegant and well-designed, with the latest in technology and amenities."
CONTACT: David Ara, [email protected]
SOURCE Strategic Legacy Investment Group, Inc.
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