New design details have been revealed for Playa Vista’s W3 at Water’s Edge

Rockwood Capital received a $54M construction permit last month

TRD LOS ANGELES /
May.May 14, 2018 12:07 PM
W3 at Water’s Edge (SPF:architects)

The new Water’s Edge campus in Playa Vista won’t have an ocean view, but tenants may feel like they are walking on water.

Newly released renderings of the project’s third building from SPF:architects, which is designing the project, portray a modern structure with a “floating” building exterior that will allows natural light to permeate the building. It will have four levels of parking, two of which are underground, and another four levels of open workspace.

Amenities will include a “sky garden,” or shaded terrace, as well as a synthetic grass field located at the center of the three buildings.
SPF won approval last month for a $54 million construction permit to build the 160,000-square-foot property, The Real Deal previously reported. The entire project is expected to cost about $80 million, according to a press release.

Shortly after paying $190 million to acquire a two-building office campus, Rockwood Capital set in motion plans to develop a third building on the complex.

McCarthy Building Companies is the contractor on the project, which is estimated to be completed by April 2020.

Located in a prime section of Silicon Beach, the 260,000-square-foot campus was originally constructed by Maguire Partners and DivcoWest. The joint venture sold the 6.5-acre site, as well development rights to the third building, to Rockwood in October for roughly $735 per square foot. It’s currently leased to Electronic Arts, L.A. Fitness, Popchips, Doner and Pop Media Group.


Related Articles

arrow_forward_ios
A rendering of Del Rey Pointe and a map of the project site (credit: LADCP)

To reach the tech giants in Playa Vista, apartment developer wants to build a bridge

Tishman Speyer CEO Rob Speyer and renderings of Collective & Brickyard campuses (Credit: Tishman Speyer)

Tishman Speyer eyes $323M recap of Playa Vista portfolio

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio

LA Mayor Eric Garcetti

Down goes Measure EE: Property tax referendum routed at polls

CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh and 4750 Wilshire Boulevard (Credit: Google Maps)

CIM Group lists part of its Miracle Mile office campus

Arman Gabay and The Springs shopping center in Palm Springs, part of the 14-property portfolio

Charles Co. secures $215M refi for retail portfolio

arrow_forward_ios