Waterton has acquired The Vue, a 16-story rental community located at 255 West 5th St. in San Pedro, Calif.
Originally built in 2008 as a condominium, the property features 318 apartment homes with one-, two- and three-bedroom floorplans, of which Waterton is acquiring 310 units in the fractured-condo community. The location offers residents sweeping waterfront views and a suite of resort-style amenities.
“The property, with its waterfront location and stunning views, presented an opportunity well-suited for our value-add strategy,” said Peter Kuzma, senior vice president, acquisitions at Waterton. “Our design and construction expertise will breathe new life into the residences and common areas at The Vue. And the nearby West Harbor redevelopment of the former San Pedro Public Market and waterfront district will serve to support job growth in the area, creating a renewed energy around the San Pedro Market.”
Residences boast condo-quality floorplans, av
