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
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