FOR IMMEDIATE RELEASE
Media Contact: Daniella Alkobi
Markwood Enterprises Earns Coveted Gold Nugget Honors
LOS ANGELES, CA, June 1, 2017 – Judges for the 2017 Gold Nugget Awards have named Markwood Enterprises as an Award of Merit winner in its annual competition, which honors architectural design and planning excellence and draws entries from throughout the United States and internationally.
Markwood earned its Merit honors for its residential-retail development located at 11701 Santa Monica Boulevard in Los Angeles, which was honored for “Best On-the-Boards Mixed-Use Project.”
Chosen from the elite pool of Merit Award winners, Grand Awards will be announced on June 29 as a feature highlight of PCBC®, the nation’s largest regional conference and trade show for the real estate development field.
“Gold Nugget Award winners reflect our industry’s best, brightest and most innovative architects, planners and builder/developers,” said Judging Chairman and Gold Nugget ceremonies administrator Lisa Parrish. “We applaud them all, and we forward to our June 29 celebration of Merit and Grand Award winners.”
Situated along a vibrant and revitalized stretch of West L.A. on the corner of West Santa Monica Boulevard and South Barrington Avenue, Markwood’s development will house a five-story residential and retail development, including an amenity rooftop garden space and 53 rental units. Five of these units will be for very low-income households. The building will also offer six live-work townhomes and 1,500 square feet of ground-floor commercial space. R&A Architecture + Design is the architect of the project.
Now in its 54th year, the Gold Nugget Awards is the largest and most prestigious competition of its kind in the nation. It honors design and planning achievements in community and home design, green-built housing, site planning, commercial, retail, mixed-use development and specialty housing categories. Winners this year were chosen from over 600 entries from around the world.
About Markwood Enterprises
Markwood Enterprises is a private real estate investment, development, and management firm founded by principals James Mehdizadeh and Robert R. Mehdizadeh, based in Beverly Hills with assets in California and New York. Markwood pursues investment opportunities in two primary, strategic categories: repositioning and development projects in established and emerging urban areas; and well-positioned operating properties in transitional and established districts. The firm embraces the responsibility that accompanies all of its investments and takes great pride in striving to make a positive impact in each of the communities in which it operates. Markwood’s portfolio includes a variety of project types, including residential, retail, medical office and parking structures. The company’s broad capabilities and wide range of experience provide a distinct advantage in successfully managing the complex challenges inherent in urban investment and development.