A development company has plans for a four-story, 79-unit apartment building near the northwestern corner of Manhattan Beach, plans on file with the city show.
The proposed development would replace a banquet facility and mixed-use commercial building at 401 Rosecrans Avenue and 3770 Highland Avenue, respectively, and it is being led by project applicant Frank Buckley of Highrose El Porto LLC, an affiliate of international investment firm Marlin Equity Partners, according to state business filings.
Plans call for a 96,217-square-foot apartment building with 21 studio units, 11 one-bedrooms, 40 two-bedrooms, and seven three-bedrooms, with six units reserved for very low-income households. Apartments would range in size from 512 to 1,727 square feet.
The Manhattan Beach director of community development is expected to release a decision on the proposed development early next month, according to a city webpage about the project.
The development would provide two floors of underground parking with space for 127 automobiles and 27 bicycles.
The two-parcel project site was acquired by the affiliate of Marlin Equity Partners in a pair of transactions in 2020 for a combined total of about $15 million, according to Los Angeles County property records.
Designs for the project, which is referred to as Highrose El Porto in planning documents, are being led by Withee Malcolm Architects, plans show.
