VG News

Media coverage, press relations, on-going real estate development activity by the company, and issues of importance to the communities we partner with through our work, is given voice in this NEWS section.

November 22, 2022

Published by: The Registry

A long time project proposal by Vella Group could be getting a new look, according to a notice for a final Environmental Impact Report published by the City of Los Angeles.

The new design alternative for the project shows that these buildings could now include more than 1 million square feet of office space, 420 multifamily residential units, a charter elementary school that would consist of 32,150 square feet of floor area, 11,664 square feet of retail uses, 59,700 square feet of restaurant space, and a 236-room, 209,560 square foot hotel.


November 12, 2022

Published by: LA Yimby

Roughly since six years of the project being announced, new options are being considered for a mixed-use high-rise complex proposed at 670 Mesquit in the historic Arts District of Los Angeles.

Vella Group is the project developer. Bjarke Ingels and Gruen Associates are responsible for the designs.


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November 11, 2022

Published by: URBANIZE Los Angeles

Almost one year after our last update, and roughly six years since the project was announced, Vella Group is considering new options for 670 Mesquit, its proposed mixed-use, high-rise complex along the bank of the L.A. River in the Arts District.


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August 25, 2022

Published by: The Real Deal / South Florida

Zangrillo, Zach Vella and Miami Beach’s Arc PE paid $21M to buy out previous majority partner Zerby Investments

Vella, CEO of Vella Group who is also a partner in Zangrillo’s Magic City Innovation District master-planned community project in Little Haiti, is taking the lead on the Miami River development, Jain said via text.


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May 26, 2022

Published by: The Registry

An industrial building in Carson, Calif. totaling more than 85,000 square feet has recently been sold, adding to a number of industrial transactions recently taking place across the Greater Los Angeles area. Public records show that the property was purchased by The Southwest Regional Council of Carpenters for $46 million, or about $540 per square foot. The seller in the transaction was Vella Group, a Los Angeles-based investor and developer.

The property is located at 1010 Sandhill Avenue, in the Carson Industrial Park. According to a landing page on Vella Group’s website, the property consists of a two-story building totaling 85,259 square feet. Property records show that the building was last sold to Vella Group for $17.5 million in 2020.


The Real Deal LA
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May 25, 2022

Published by: The Real Deal / Los Angeles

A carpenters union has bought an industrial property in Carson, with plans to open a training center for its members, The Real Deal has learned.

The Southwest Regional Council of Carpenters paid $46 million––or about $540 per square foot––for the property at 1010 Sandhill Avenue, according to property records filed with Los Angeles County.


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Magic City renderings_April 11, 2022

April 11, 2022

Published by: Construction Review Online

Magic City Innovation District is a large multi-building transit-oriented mixed-use mega-development proposed for Little Haiti in Miami. The project consists of 17 pieces of property across numerous blocks, largely between Northeast 2nd Avenue and Northeast 4th Court, with Northeast 59th Terrace serving as the southern-most cross street and Northeast 64th Terrace serving as the northern-most roadway.


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April 8, 2022

Published by: URBANIZE Los Angeles

Four years after it was approved, a plan to build a West Hollywood outpost of London’s Arts Club on the Sunset Strip is moving forward – with tweaks.

The project approved by the West Hollywood Planning Commission in 2018 had called for the construction of a nine-story, 120,000-square-foot building at 8920 Sunset Boulevard – formerly the site of a Hustler Store. At the time, plans called for a member’s club accompanied by office space, ground-floor commercial uses, and a public art gallery, seated atop five levels of automated basement parking with a maximum capacity of 351 vehicles.


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Bel-Air property

March 16, 2022

Published by: Wall Street Journal

Designed by California megamansion architect Paul McClean, the six-bedroom Bel-Air mansion includes a tri-level waterfall feature that flows into a reflecting pool, a swimming pool, a large outdoor deck, a gym and wellness area, a 20-person theater and a temperature-controlled wine room, according to the listing. The property was listed for $41 million.


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March 2, 2022

Published by: The Real Deal / Los Angeles

Commercial and residential developer Vella Group has sold a newly-built mansion in Bel Air in one of the most expensive home sales in Los Angeles so far this year.