A new mixed-use project takes a step forward at 625 Beacon Street in San Pedro. The project proposal includes the development of a new residential complex with retail space.
MVE + Partners is responsible for the design concepts and construction.
The proposed development will rise from a city block bound by 6th, 7th, Beacon, and Palos Verdes Streets. The proposed development will replace three small commercial buildings. The new project will bring an eight-story structure featuring 281 studio, one-bedroom, two-bedroom, and three-bedroom apartments. A retail space spanning an area of 2,316 square feet will be designed on the ground floor. A subterranean three-level parking garage with a capacity of 505 cars will be constructed on the site.
Renderings reveal a contemporary podium-type building. The apartment complex will feature an outdoor community space overlooking Pepper Tree Plaza and the waterfront. Residents will be able to enjoy an elevated courtyard fronting 7th Street.
The project site is situated near the Los Angeles Waterfront.
The project is slated to be built over a roughly 34-month period, including demolition of existing structures and construction of the new building. The apartment complex is expected to open in 2024.