219 Ave I
Redondo Beach, CA 90277

This proposed mixed-use commercial building in the heart of the Riviera Village has a target completion date of April 2019. This is a rare opportunity to work directly with the LL to facilitate the design and build-out of restaurant space located just steps from Coffee Bean and Wells Fargo. The ground floor restaurant has 1,845 sq ft and opens up to the well-designed courtyard with impressive landscaping and a fountain. The 1,455 sq ft second floor restaurant has a deck overlooking the Village and Palos Verdes Estates. Both restaurants are designed to be open-air without outside seating. Both have the potential to have Type 47 liquor licenses. The increasingly popular Riviera Village has seen several new restaurants open up in the last couple of years to great success. This building is just a few minute walk to Trader Joe's, Starbucks and the world-famous Esplanade. Commercial lease rates have been rising quickly here and are projected to continue rising over the next several years. By comparison, retail lease rates have passed the $10 psf mark in downtown Manhattan Beach. This is a great time to lock in favorable lease rates with a brand new build-out.