The Venice Community Housing Corp. is hosting a groundbreaking ceremony at 9:30 a.m. today for the renovation of its newest affordable housing development, a 20-unit apartment building at 13368 Beach Ave. in Marina del Rey.
Dubbed the Gateway Apartments, the 9,300-square-foot building was a foreclosed property purchased by the nonprofit low-income housing organization.
“We hope to complete construction by February of 2016 and be fully leased by next June,” said Venice Community Housing Corp. Executive Director Steve Clare. “We’re very excited to be in the building business again.”
Construction costs will be close to $11 million, Clare said.
The organization has not yet started to seek tenants.
— Gary Walker