Overview of Legado Redondo Project in the South Bay
A new mixed-use development by Legado Companies is reshaping a prime location in Redondo Beach at the intersection of Pacific Coast Highway and Palos Verdes Boulevard. Here’s a summary for property owners on what this project entails and its potential impact:
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Development Site: Situated at 1700 W. Pacific Coast Highway, this 4.3-acre project merges residential and commercial space, aimed at enhancing local real estate value and community offerings.
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Residential & Retail Space:
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Residential Units: The project’s highlight is a five-story building featuring 115 modern residential units, offering a new housing option in Redondo Beach.
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Commercial Space: The building includes nearly 22,000 square feet of retail and dining areas, creating potential foot traffic and local business opportunities.
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Parking: Parking facilities will be available beneath the residential structure, catering to both residents and visitors.
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Hotel Renovation: The adjacent Palos Verdes Inn is being upgraded into a contemporary 110-room hotel.
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Amenities: The hotel will feature a rooftop pool deck and a modern facade, attracting tourism and adding to the appeal of the area.
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Design & Developer:
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Architecture: The hotel portion is being designed by AO, known for its expertise in hospitality architecture.
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Developer: Legado Companies, headquartered in Beverly Hills, is also developing a similar residential project in Irvine.
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Key Takeaways for Property Owners:
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Increased Property Value: The project’s residential and retail components are likely to boost local property values and stimulate commercial activity.
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Enhanced Community Appeal: With new retail, dining, and hospitality spaces, Legado Redondo is expected to enhance Redondo Beach’s appeal to residents, tourists, and potential investors.
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Investment Opportunity: Property owners may see new opportunities for investment or leasing in this evolving market.
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Legado Redondo is set to bring a fresh, vibrant look to a well-traveled area of Redondo Beach, combining modern living with community-centered commercial spaces.
