Summa Corporation unveils 926-acre land use plan for Playa del Rey-Marina area
The Summa Corporation Tuesday unveiled a land-use plan for 926 acres the company owns south of the Marina. The property extends west from Playa del Rey to the San Diego Freeway.
The land-use plan calls for development of a 600-boat slip marina, a public beach and two or three hotels near the Marina, a “community shopping center” at Jefferson and Lincoln Boulevards, garden offices, an industrial development south of Jefferson Boulevard, “owner and rental” housing — 6,000 to 7,000 dwelling units for 15,000 to 20,000 residents, five lagoons and a 72-acre wildlife preserve with an additional buffer zone of about ten acres.
Summa Corporation officials indicated they have no timetable of development and do not know now whether they will develop some or all of the property, sell off portions of the 926 acres or develop their property jointly with other companies.