Something's being built--and it's not in DTLA, Santa Monica, or Hollywood, amazingly. The LA Business Journal reports (sub. req.) that work finally started this month on the second half of the Playa Del Oro mixed-use development in Westchester. This big girl is 262,714 square feet, with 260 apartments of various sizes, 5,000 square feet of retail, and underground parking. The first and larger half of PDO (pictured) opened in 2009 with an asshat and tons of retail, including a Ralphs. Developer Decron Properties Corp. just secured a $67 million loan this month to start construction on the final phase, which includes all the fixin's, including a pool and spa, fitness center, cinema room, dog park, café, and landscaped courtyard with fountain. It's interesting to see the rent differences between PDO's first phase and its second one: four years ago, units ran from $1,794 to $4,380, and now they're $1,900 to $3,975.
· Residential-Retail Project Sets Up Beachhead [LABJ]
· Playa Del Oro [Official Site]