Holland Partner Group of Vancouver and Miami-based Starwood Capital Group have formed a joint venture to acquire and develop a multifamily property in San Pedro, Calif., Starwood Capital announced this week.
The project, called 550 Harborfront, is in an opportunity zone. It is expected to be completed in next spring. It will have 375 units, a fitness center, lounges and a pool.
Holland Partner Group was founded in 2000. Its investments in multifamily development, redevelopment and mixed-use assets represent $10 billion in transactions and more than 50,000 units, the company said in a news release.
