Soto will rise adjacent to the popular Del Amo Fashion Center
Legacy Partners, a privately held national real estate firm, partnered with DWS Group, a leading global asset manager, to announce the start of construction for Soto, a 200-residence apartment community in Torrance, California.
Located at 3863 Carson Street adjacent to Del Amo Fashion Center in Torrance, the five-story community’s modern exterior design was inspired by the classic mid-century office buildings that are part of the surrounding mixed-use campus. Construction is anticipated to be completed in summer 2027, with Westport Construction serving as the general contractor.
“Soto’s elevated design showcases the quintessential Southern California lifestyle and offers residents views of the Pacific Ocean and proximity to the best beaches in the South Bay,” said Tim O’Brien, senior managing director for Southern California and the Southwest Region at Legacy Partners. “Soto will also sit adjacent to restaurants and retail amenities, including the newly renovated Del Amo Fashion Center, which attracts 20 million visitors per year.”
“This marks our fourth active development project in partnership with DWS,” added O’Brien. “We also broke ground this year on projects in Ontario, California and in Scottsdale, Arizona.”
Michael J. Nigro, Chief Investment Officer and Head of Value Add & Development for DWS, added, “This development opportunity aligns with our strategy of investing in best-in-class residential projects in submarkets with strong fundamentals. This also builds on our programmatic relationship with Legacy to deliver build-to-core assets on behalf of our investors.”
Designed by AO, the community’s mix of 200 studio, one-, and two-bedroom apartment homes will range from 633 to 1,118 square feet and feature luxury interior finishes. Soto’s shared amenities will include a rooftop pool and amenity deck with indoor/outdoor fitness center, resident clubhouse, co-working area, and two courtyards with pedestrian access from the street.
According to O’Brien, “The name Soto comes from the Japanese word for outside. Soto reflects the community’s proximity to outdoor spaces, celebrating Southern California’s vibrant, sun-filled lifestyle. The name evokes a sense of tranquility and connection with nature, highlighting design that seamlessly blends indoor and outdoor living.”
About Legacy Partners
Legacy Partners (Legacy), a privately held real estate firm founded in 1968 and headquartered in the San Francisco Bay Area, owns, develops, and manages multifamily communities throughout the United States. Since its inception, the company has developed or acquired more than 80,000 apartment homes at more than $8.5 billion in cost. Legacy has regional offices in California, Colorado, Florida, Georgia, Texas, and Washington, and has developed more than 68,000 apartment homes in Arizona, California, Colorado, Florida, Nevada, Oregon, Texas, and Washington. Since inception, Legacy has worked with some of the world’s largest financial institutions, life insurance companies, and real estate companies, consistently delivering exceptional results. Legacy provides management services for its own portfolio, as well as other owners. Combined, Legacy manages a portfolio of more than 50 multifamily communities with almost 12,000 apartment homes, and with a gross value in excess of $3 billion. For further information, please visit www.legacypartners.com
About DWS
DWS Group (DWS) with EUR 1,012bn of assets under management (as of 31 December 2024) aspires to be one of the world’s leading asset managers. Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major liquid and illiquid asset classes. Our diverse expertise in Active, Passive and Alternatives asset management complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, giving strategic guidance to our investment approach.
DWS wants to innovate and shape the future of investing. We understand that, both as a corporation as well as a trusted advisor to our clients, we have an important role in helping to navigate the transition to a more sustainable future. With approximately 4,700 employees in offices all over the world, we are local while being one global team. We are committed to acting on behalf of our clients and investing with their best interests at heart so that they can meet with their investment objectives. With our entrepreneurial, collaborative spirit, we aim to deliver outstanding investment results and to build the best foundation for our clients’ financial future.
