Bisnow: This Week’s LA Deal Sheet
Beverly Hills’ Markwood Enterprises is building a new 45,420 SF mixed-use project that will feature a fully automated parking system
The project, at 11701 Santa Monica Blvd., will have a five-story residential and retail building, including an amenity rooftop garden space and 53 rental units. Five of the units will be for very-low-income households. The building will also have six live-work townhouses and 1,500 SF of ground-floor commercial space. The automated parking and courtyard-style indoor/outdoor living help set this project apart, according to Markwood Enterprises Development Director Simon Aftalion. The subterranean parking will include 82 parking spaces and 60 bicycle spaces.