A once forgotten pocket of Newport Beach that re-shaped the entire waterfront
Acclaimed for its boutique waterside charm, Lido Marina Village is a mixed-use destination located at the entrance to Lido Isle in Newport Beach. DJM acquired the property in 2013 and helmed a three-year, $68 million restoration of the existing waterside residential village. Originally built in the 1930s and 40s as residences, DJM transformed the village and marina, totaling 116,000 square feet, into boutique retail, restaurant and creative office. A 47-slip marina with docks and decks allowed DJM the opportunity to attract upscale stores and restaurants to occupy desirable, waterside space and provide a world-class dock-and-dine experience.
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DJM grew annual project NOI from $462k in 2013 to $5.0m in 2019 through redevelopment and repositioning.
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DJM oversaw improvements and completed the restoration of all buildings on site.
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Stabilized leasing at over 90% within the first year of construction completion.
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DJM managed designs, construction, installation of base building upgrades and build-to-suits for nearly 35 tenants.
