Belmar is part of $350 Million mixed-use mixed-income condominium/apartment community developed by the Related Companies
IRVINE, CALIF. – August 4, 2014 – (RealEstateRama) — Award-winning national firm KTGY Group, Inc., Architecture + Planning, is pleased to announce the grand opening of Belmar Apartments in Santa Monica, Calif. Developed by Related Companies, a privately-held real estate firm based in New York, in partnership with the City of Santa Monica and Community Corporation of Santa Monica, Belmar features 160 affordable rental residences at 1725 Ocean Avenue, as part of Related Companies’ $350 million Ocean Avenue South mixed-use mixed-income condominium/apartment village on Ocean Avenue and Olympic Drive.
At Ocean Avenue South, KTGY is the architect of record for both Belmar Apartments and the 65-unit luxury condominium residences, The Waverly, and worked in collaboration with Koening Eizenberg Architecture of Santa Monica, Belmar’s concept design architect, and The Waverly’s concept design architect, Moore Rubel Yudell of Santa Monica. Belmar achieved LEED Gold certification, according to KTGY’s Principal Chris Texter, AIA, LEED AP.
Located directly across the street from the new six-acre Tongva Park and near Santa Monica’s well-known Third Street Promenade, the six-story Belmar features live/work studios and 1-3 bedroom units. Belmar’s groundfloor live/work studios have large roll-up tempered glass doors to allow the resident artists to interact directly with the public and display their work. “One of the highlights of the community is the new ‘Living Street,’ which showcases artists on the walking street through the center of the village, providing pedestrians with a connection from Main Street to Ocean Avenue through a great assortment of retail, restaurants and outdoor dining, and public art. Some artists are already displaying their work in their live/work studios,” Texter said.
Belmar also offers residents a fitness center, computer lab, outdoor lounge and barbecue grills, bike storage and a resident community room. The subterranean parking garage configuration and elevator system have been designed to serve specific buildings within the complex so access is convenient for each resident.
“The grand opening of this new urban village, along with the city’s new community park, completes a significant Civic Center destination,” said Texter. “KTGY was proud to be part of the design team in this very significant community in the heart of Santa Monica Civic Center area. The design goals of a community of this size, complexity and caliber is definitely a team effort from the vision of the city to the client and all the consultants that made it possible. It is definitely a place to see and an even better place to call ‘home.'”
Texter added, Belmar is 100% occupied and has a waiting list for future residences. He also said that The Waverly condominiums are selling out very quickly.
About KTGY Group
Celebrating nearly 23 years, KTGY Group, Inc., Architecture and Planning, is a national award-winning firm providing comprehensive planning and award-winning architectural design services for residential communities, retail, hospitality, mixed-use and related specialty developments. KTGY delivers innovative solutions that reflect clear understanding of development, market and consumer trends and financial performance. Serving clients worldwide, KTGY maintains offices in Irvine, Oakland and Santa Monica, Calif., Denver, Colo., and Tysons, Va. See www.KTGY.com