Mini Cooper Promotion to Drive Traffic to Downtown LA's Santee Village

LOS ANGELES, Nov. 30, 2007 -- Promising "a MINI Cooper with every loft," downtown LA's Santee Village is kicking off an innovative promotion to buyers of units at the historical residential development located in the Fashion District. Anyone who purchases a loft between December 1st and February 3rd will receive a MINI Cooper with a three-year lease, with the lease payments being made by the developer.

"The MINI Cooper is the perfect vehicle for downtown living," said Mark J. Weinstein, president of MJW Investments and developer of Santee Village. "It is a sexy little car that offers international styling, great gas mileage, easy parking, multiple safety features and a fun driving experience. We think the target buyers for Santee Village will find this offer to be a nice complement to their urban lifestyle."

The MINI Cooper has received a long list of awards over the last several years, including Most Wanted Coupe Under $30K, Most Appealing Compact Car, Best Brand, Best Small Car, and Car of the Year.

Santee Village is a community of seven buildings being developed by MJW. The development's first building, the Textile Building, sold out in July. Currently the fastest-selling community in downtown Los Angeles, Santee Village is presently selling loft homes in three additional buildings -- The Santee, The Eckardt and the Cornell. These three buildings offer 216 live/work loft homes ranging in size from approximately 700-square-foot open floor plans to two-bedroom, two-bath lofts and 2,000-square-foot penthouses, and are priced from the mid-$300,000s to the mid-$700,000s.

"Residents say they are attracted by the exceptional features that make Santee Village different from other downtown residences," Weinstein said. The community offers dramatic views, stylish interiors, private balconies on select loft homes, and a rooftop retreat complete with a barbecue pit, cabana, basketball court and spas.

Architectural elements include ceilings up to 12 feet and oversized windows that provide extraordinary views of the downtown skyline. Urban finishes such as concrete floors, stainless steel countertops, and appliances with industrial cabinets are included in all units.

Included within Santee Village is Santee Promenade, a block-long, landscaped central courtyard and retail center. Santee Promenade features restaurants offering an eclectic mix of foods from around the world as well as a market and drugstore, all flanking a large fountain and planters brimming with lush tropical plants. And every Wednesday, Santee Village features a bustling Farmer's Market.

"We believe in the future of downtown LA and knew that if we restored the exteriors of these buildings and rebuilt the interiors for the very best in modern loft living, people would respond," said Weinstein. "Adding a MINI Cooper to the offering adds the perfect icing to the cake."

In addition to the many lifestyle benefits, buyers at Santee Village can receive financial incentives to help them with their purchase. Because of the historical significance of the buildings that comprise Santee Village, which were constructed in the early 1900s, residents qualify for reduced property taxes under the Mills Act. A buyer purchasing a unit for $525,000, for example, would pay only $1,100 a year in property taxes compared to approximately $6,875 a year without the Mills Act discount.

To inquire about new homes, test drive a MINI Cooper at Santee Village and learn more about this unique promotional offer, buyers should visit the onsite sales center at 716 South Los Angeles St., Suite D, Los Angeles, CA, 90014, call 213-624-1640, or visit the website at http://www.santeevillage.com/.

MJW Investments has developed over 10 million square feet of property. Active in every area of commercial real estate, MJW provides development and project management services to institutional, corporate, and private investment partners. The company specializes in revitalizing urban neighborhoods with adaptive reuse, mixed-use projects. MJW has developed, owned and managed millions of square feet of retail and commercial projects throughout California, Nevada and Arizona. Find more information at http://www.mjwinvestments.com/.

NOTE TO EDITORS: A photo of a MINI Cooper in the living room of a Santee Village loft is available in electronic format by contacting Dan Peoples at 858-552-1456.