Decron Properties Corp has secured $67 mil in construction financing for the development of a mixed-use project in the coastal Los Angeles community of Playa del Rey. The project, located at the corner of Manchester Ave and Rayford Dr, is called Playa Del Oro West, or PDO West, and constitutes the final phase of the master “Playa Del Oro” development.
Once Phase II is complete, the master development of Playa Del Oro will feature 665 apartment units, approximately 110k sf of retail shops and dining, including a Ralph’s Fresh Fare, Centinela Pet Food, LA Fitness Signature Club, Coffee Bean & Tea Leaf, Beach Pizza, SanSai Grill and Kinecta Bank. The master development also includes the 250-room Custom Hotel, which is no longer owned by the Decron affiliate.