Marina del Rey : Dispute Over Malls Settled
The battle of the malls in the Marina del Rey area has apparently ended, with one development company conceding and selling its property to another developer who has said he will build a primarily residential project.
Marina East Holding Partnership, of which state Sen. Alan Robbins (D-Van Nuys) and developer Brandon Birtcher are principal partners, has reached an agreement to sell a 16-acre site at Lincoln Boulevard and Admiralty Way to the J. H. Snyder Co. Snyder Co. holds the master lease on the Marina City Club condominiums in Marina del Rey and is building the Water Garden office project in Santa Monica.
No details of the sale were announced, but the land is estimated to be worth about $45 million.
Marina East Partnership was in a race with Prudential Property Co. to build a mall the size of the Westside Pavilion on separate lots less than a mile apart. But Marina East apparently gave up on it plans after the City Council in Culver City last month gave its approval for the other mall, which is to be on an 18-acre site on Washington Boulevard near Lincoln Boulevard.
Nearby residents and Los Angeles Councilwoman Ruth Galanter had opposed the Marina East proposal because of potential traffic and parking problems and favored residential development.
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