With tech firms in mind, Lincoln Property, Gensler plan $225M spec office in Culver City

The development team is targeting tech and media companies with a creative design, offering large outdoor decks

Los Angeles /
Dec.December 13, 2018 11:00 AM
Gensler’s principal John Adam and a rendering of office plans in Culver City

A team led by Lincoln Property Company and Gensler want to construct a $225 million spec office building in Culver City with a unique component aimed at tech and media firms.

Each of the six floors of the Entrada building would have two covered outdoor decks cut into the “box” of the building, according to the Los Angeles Times. These “innie” decks, as described by Gensler, are sheltered from the elements but still offer the outdoor space coveted by the team’s target tenants: tech, entertainment and media companies.

The building would be 300,000 square feet and built on what is now a parking lot belonging to the DoubleTree by Hilton Los Angeles – Westside. The office complex would be north of Playa Vista near the Westfield Culver City Mall. Lincoln Property acquired the parking lot from the hotel’s owner, Woodbine Legacy Investments, which purchased the hotel in August for $151 million.

Woodbine joined on as a partner in the development project and will spend $35 million to upgrade the hotel. Tenants at the new office building will have access to the hotel’s ballroom, gym, meeting rooms and pool, according to the Times.

Under the design plan, the office complex decks would zigzag up the side of the building so that each tenant would have access. Because Lincoln Property doesn’t have any tenants lined up, it’s possible one or two tenants could take the entire building, as other tech firms have done in the area. [LAT] — Dennis Lynch


Related Articles

arrow_forward_ios
Councilman Bob Blumenfield with 5300 N. Oakdale Ave (Dean Musgrove, iStock)
Last commercial orange grove in the San Fernando Valley slated for luxury homes
Last commercial orange grove in the San Fernando Valley slated for luxury homes
From left: Stockdale Capital Partners' Steven and Shawn Yari with 656 San Vicente Blvd
Stockdale Capital gets early green light for 140K sf medical tower near Cedars-Sinai
Stockdale Capital gets early green light for 140K sf medical tower near Cedars-Sinai
HBC's Richard Baker with  9600 Wilshire Blvd (SFA, Cornell)
Historic Saks Fifth Avenue complex in Beverly Hills eyed for redevelopment
Historic Saks Fifth Avenue complex in Beverly Hills eyed for redevelopment
Clear Capital LLC founding partners (L-R) Daniel Hardy, Eric Sussman, Paul Pellizzon and Greg Worchell with Foothill Ridge apartments, 1334 W. Foothill Blvd., Upland (Clear Capital LLC, Foothill Ridge Apts.)
Clear Capital buys 232-unit apartment complex in Inland Empire
Clear Capital buys 232-unit apartment complex in Inland Empire
Citrus Commons project at 14130 Riverside Drive (Johnson Fain)
Apartments to rise around former Sunkist HQ in Sherman Oaks
Apartments to rise around former Sunkist HQ in Sherman Oaks
From left: Tom Brady, Dillon Rosenblatt, and  Richard Rosenblatt with 3130 Wilshire Boulevard (Kilroy Realty, Getty, LinkedIn)
Tom Brady’s NFT company signs lease in Santa Monica
Tom Brady’s NFT company signs lease in Santa Monica
Vectra CEO Raju Shah and 640 North Sepulveda Boulevard (Vectra, LoopNet)
Mostly vacant Bel-Air office building sells for $32.5M
Mostly vacant Bel-Air office building sells for $32.5M
Rexford Industrial Realty's Michael Frankel, Howard Schwimmer and 29125 Avenue Paine (Loopnet, iStock, Rexford Industrial Realty)
Rexford bypasses rate hike on $218M spree of deals
Rexford bypasses rate hike on $218M spree of deals
arrow_forward_ios

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

Loading...