The second tier investment will be focused on 80-120 unit apartment building. This project would be the gateway to commercial real estate development market. This project is designed with the intention to fulfill multiple objectives. First, for sizable commercial development, AMIA investment team need to work with multiple resources and perform financial and development feasibility study. Permitting and entitlement process in City of LA/ Orange county and County of LA is becoming overly challenging to acquire therefore selection of planning team is very important. AMIA Investment would be responsible for entitlement of the project. Due to size of the project AMIA Engineering would have a great chance to collaborate with a high profile Architect/Engineer and Interior designing team for planning of the project. Construction team will be brought early on to the project to work closely with planning team. During the construction, AMIA Investment would gain the great experience to work with the construction management team as a developer representative and after construction, the collaboration with tenant and building and maintenance management and asset management as a whole would be a necessity for starting the larger and more comprehensive future project 2.
Overview of the Apartment Complex
These pictures are merely shown to convey intent of the development. Actual project architecture, exterior and interior features might vary from these pictures
This development project will be planned for Los Angeles metropolitan area with demand for luxury highend rental market. Project site shall allow for maximum floor to land area density. The development will target young professionals and will be packed with dazzling amenities and features that demographic of young professional and small families are demanding. Construction type would be concrete flat slab highrise over multiple levels of above ground and subterranean parking, amenities and retail podium.
Amenities and Common Spaces
These pictures are merely shown to provide guidance for the investors to understand the levels of finishing and type of amenities provided in high profile luxury projects. final amenity planning and finishing will be designed by architect/interior designer of the project which yet to be designed and might vary from what is shown
Amenities have grown in popularity so much over the past decade that renters will opt for smaller units if they feel they can make up for the loss of personal space by spending time using well-designed community spaces.
Amenities and common spaces would attract long lasting and high quality tenants, These amenities can easily increase the rent value of the asset up to 25%. Dazzling top of the line amenities would warrant lower vacancy rates compared to similar apartment complex without luxuriously defined common spaces.
Unit Interiors and Features
These pictures are sample and merely shown to provide guidance for the investors to understand the levels and detail of finishing provided in unit interiors for high profile luxury projects. final unit layout/finishing planning will be designed by architect/interior designer of the project which yet to be designed and might vary from what is shown.
Unit layout percentage would be as : up to 50% studio and 1 bedroom, 35-40% two bedrooms and 10-15% 3 bedrooms and above. Unit interiors will be sleek, modern and will include top of the line appliances and finishes. A beautiful view which improve with unit height is key key driving for rental value of the unit. Some of the main features can be summarized as:
UNIT INTERIORS
Large open-air terraces with tile flooring
Expansive balconies with glass guardrails
Spectacular views
Contemporary, lever-style door hardware
Separate laundry room with high-capacity front load washer and dryer
Quality recessed lighting in kitchens and baths
Electrical boxes in bedrooms, foyer, living and dining areas for convenient decorative light and fan installation
16.5 SEER high-efficiency, variable speed fan, air conditioning system with user-friendly, fully programmable thermostat Rectified-edge porcelain tile flooring in main living area, kitchen, baths and laundry room in sizes up to 24” by 24”
Smooth walls with finish paint throughout
Centrally located water distribution system, lowering energy costs and reducing water waste
Fire protection sprinkler system
Voice and data lines at multiple locations
Modern switches and outlets throughout
KITCHEN
Kitchen with custom millwork
Open kitchen design with large working islands
Dynamic stainless-steel kitchen appliances, including counter-depth French door refrigerator, microwave/hood combination oven, 5-element freestanding range and dishwasher with concealed controls
European frameless construction, full-overlay cabinetry with 42” upper cabinets and a variety of door profiles, finish selections and hardware
Large stainless steel under-mount sink with pull-out spray faucet for ease of use
High-end granite and quartz counter-top options
BATHROOMS
36” vanity height
Expansive and elegant bathrooms
Comfort-height, elongated toilets in all baths
Glass shower enclosures (not provided on tub/shower combinations)
Master bathrooms include dual sink, composite marble countertops, large shower with bench seat, soaking tub (per plan) and separate water closet room
