Equinox nabs first location in Culver City

Luxe gym will take 32K sf at LBA Realty’s One Culver

TRD LOS ANGELES /
Aug.August 18, 2017 04:30 PM
Equinox instructor Sam Rothermel (via Equinox), One Culver rendering (via LBA)

Updated: Saturday, August 19, 2017, 10:00 p.m.: Equinox is gobbling up space all over Los Angeles County, and doesn’t seem to be slowing its (VO2 Max) pace.

The fancy gym, a subsidiary of the Related Companies, just inked a deal for its 18th L.A. area club, and its first in Culver City, Equinox’s John Klein told The Real Deal.

Equinox is taking 32,000 square feet in a 20-year deal at LBA Realty’s under-construction One Culver development at 10000 Washington Boulevard.

The club will fill the retail space on the ground floor, with additional space on the second floor and a cafe at the entrance to the development, said Klein, who brokered the deal in-house along with Jeff Pion of CBRE. LBA’s Eric Brown represented the landlord.

LBA is renovating the former Sony Studios Plaza into a Gensler-designed modern building with 300,000 square feet of office space and roughly 65,000 square feet of retail. Equinox plans to open at the project soon after its expected completion in the first quarter of 2018.

The development sits near Culver Studios — where owner Hackman Capital is planning an expansion, and where Amazon Studios reportedly signed a lease . It’s also near Sony Pictures Studios, where a new building was recently put up for the Home Entertainment Division.

Culver City, one of the rare walkable areas in L.A., is in the throes of a building boom. IDS Real Estate Group is nearing the finish line on its 280,000-square-foot C3 creative office development at 5800 Bristol Parkway.  HBO is planning to relocate its headquarters to the area, absorbing a mixed-use building that being Lincoln Property Company is developing at 8777 Washington Boulevard.

“Platform set the stage from the retail side, and there are rumors that HBO is moving in,” Klein said. “The corporate population is in flux and there has been a residential boom. The cost to entry for buying a home is over $1 million, and those people have the discretionary income to [become Equinox] members.”

The gym recently opened a new spot at the Westfield Century City. Its location at 5750 Wilshire Boulevard in the Miracle Mile is under construction, and is expected to open in October.

This story has been updated to reflect the accurate size of the C3 development. It is 280,000 square feet. 


Related Articles

arrow_forward_ios
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

Garcetti orders a moratorium on commercial evictions in LA

Garcetti orders a moratorium on commercial evictions in LA
Jefferson Creative Campus sells for $169M in Culver City (Credit: Newmark Knight Frank)

Lincoln, Clarion snap up Culver City office campus for $169M

Lincoln, Clarion snap up Culver City office campus for $169M
A multifamily building could replace this auto body shop (Credit: Google Maps)

Bastion plans 139-unit project on doorstep of booming Culver City

Bastion plans 139-unit project on doorstep of booming Culver City
LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!
10301-10335 West Jefferson Boulevard and Jim Jacobsen Chairman, CEO at Redcar LTD (Credit: 42 Doors and LinkedIn)

Redcar pays $74M for Culver City office complex, eyes expansion

Redcar pays $74M for Culver City office complex, eyes expansion
From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Rexford Industrial adds to LA portfolio with $100M in acquisitions
Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...