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

TRD 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
3301 South Canfield Avenue (Credit: Google Maps and iStock)

Oakmont Capital is building a mini multifamily empire in Palms

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando

Homes in some parts of LA grew more than 60 percent over five years (Credit: iStock)

Up, up and away: Home prices soared 60% over 5 years in some parts of LA

Blackwelder office campus and Kilroy CEO John Kilroy

Kilroy Realty will pay $185M for Culver City media-focused office campus: sources

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

5800 Green Valley Cir, Culver City (Credit: Google Maps)

Jones & Jones buy multifamily property in bustling Culver City

amitaur Constructs founders Laurie and Frederick Samitaur Smith and the development site (credit: Getty Images and Google Earth)

Developer behind (W)rapper Tower now planning a 22-story office tower in West Adams

arrow_forward_ios