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Trader Joe's Eyes Growing Marina del Rey for New Store

Grocer Joins Pier 44 Development in Revitalizing Marina
October 11, 2018
Grocery chain Trader Joe's plans to open its first location in Marina del Rey, California, in a planned redevelopment of Pier 44.

Trader Joe’s appears to be on its way to Marina del Rey, California, to bring its cult-favorite foods and goods to the growing population in the area, where developers are currently underway on building some of the largest apartment developments in Los Angeles.

The Monrovia, California-based grocery chain has applied to open a 13,625-square-foot market within the redevelopment of Pier 44 in Los Angeles' largest recreational marina, according to Kevin Finkel, regional planner with the Los Angeles County Department of Regional Planning.

Trader Joe's declined to comment.

The redevelopment of the 10-acre Pier 44 in Marina del Rey is planned to include upscale restaurants, accommodations for boaters and a West Marine store that sells boating and fishing supplies, according to developer GWP Real Estate Investment and Development's website.

It is part of a larger revitalization of the marina, which is undergoing its most significant boom in multifamily and retail construction in decades. Almost 1,800 new units are expected to deliver in the area by the end of the year, including AMLI Residential’s 585-unit AMLI MDR that has already begun some move-ins.

The under-construction store on the waterfront, at 4675 Admiralty Way at Pier 44 between Fiji Way and Mindanao Way, will mark the first for the retailer on the marina that will see the grocer join a Ralph's grocery store that sits across the street.

The next closest Trader Joe's location is a few miles away in Culver City's Fox Hills area.

Trader Joe’s plans to have a 30-square-foot outdoor display area, according to the application filed with the Los Angeles County Department of Regional Planning. It was recently approved by the Los Angeles County Department of Regional Planning to sell alcohol for off-site consumption at the site. Its estimated rent is $37 to $46 per square foot annually.

Trader Joe’s must now pay inspection fees associated with the conditional use permit as part of the process of the approval being finalized, according to Finkel.

Los Angeles County Supervisor Janice Hahn, in whose district the project is being built, said it could benefit the entire community.

“Everyone wants to live near a Trader Joe’s, and starting next year, Marina del Rey residents will," Hahn said.

Michael Pashaie, managing partner at Beverly Hills-based GWP Real Estate, and whose company, Pacific Ocean Management LLC, owns the property, did not return requests for comment.

Trader Joe's is scheduled to open in the first quarter of next year, according to Supervisor Hahn's office.

Karen Jordan, Los Angeles Market Reporter  CoStar Group   
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