Follow the tech firms: Sandstone eyes hotel in booming Culver City

Development would replace a strip mall with 175-room project

Los Angeles /
Apr.April 25, 2019 04:00 PM
Sandstone CEO Eri Kroh and the strip mall at 11469 Jefferson Boulevard (Credit: Sandstone)
Sandstone CEO Eri Kroh and the strip mall at 11469 Jefferson Boulevard (Credit: Sandstone)

Sandstone Properties is hoping to take advantage of the tech and office resurgence in Culver City with a boutique hotel project.

The Los Angeles-based firm plans to build a 175-room hotel, rising at 11469 Jefferson Boulevard, Urbanize reported. The five-story building would also include restaurant space. It would replace a 12,600-square-foot strip mall.

The project is designed by Nakada Partners, but the developer has not submitted an application to the city yet. Sandstone purchased the site in 2014 for $4.6 million, records show.

Earlier this month, HBO leased 240,000 square feet at the Ivy Station complex in Culver City, which will also include 200 apartments and a 148-room hotel with shops and restaurants.

Apple has more than 275,000 square feet of office space in Culver City, and Amazon also has a big presence. One of its leases is for 500,000 square feet at Hackman Capital Partners’ Culver Studios and the other is for 75,000 square feet at the Culver Steps project. Mobile game developer Scopely also doubled its footprint in Culver City this month.

Sandstone is building The Albany hotel that’s set to have 730 rooms in Downtown Los Angeles. Its Culver City project would add to the flood of hotel developments in Los Angeles, most of which are set for Hollywood and Downtown L.A. [Urbanize]Gregory Cornfield


Related Articles

arrow_forward_ios
Midwood CEO John Usdan  and a rendering of  Sportsmen’s Lodge hotel (Midwood, Kilograph)
Sportsmen’s Lodge Hotel redevelopment catches environmental endorsement
Sportsmen’s Lodge Hotel redevelopment catches environmental endorsement
REthink Development's Steve Edwards with 9763 Culver Blvd and 9814 Washington Blvd
Kirk Douglas Theatre to share block with mixed-use apartments
Kirk Douglas Theatre to share block with mixed-use apartments
Duke Realty's James Connor (Duke Realty, Getty, Google Maps)
Duke Realty shells out nearly $100M for empty land in the Inland Empire
Duke Realty shells out nearly $100M for empty land in the Inland Empire
Cottonwood’s Mark Green and Silver Creek's Franck Ruimy with 8850 Sunset Blvd (8850 Sunset Blvd , LinkedIn, Stan Hope Capitol, Getty)
Reimagined Viper Room’s developer scores $60M loan
Reimagined Viper Room’s developer scores $60M loan
Lithia Motors' Mark DeBoer and rendering of new Porsche dealership (City of Los Angeles, Getty, LinikedIn)
Going up: Lithia Motors plans five-story Porsche dealership near DTLA
Going up: Lithia Motors plans five-story Porsche dealership near DTLA
HSH Management's Henry Shahery with 6221-99 Bristol Plaza Parkway
Fox Hills Plaza trades for $56M
Fox Hills Plaza trades for $56M
Rendering of 1111 Sunset Blvd and Palisades Capital Partners' Brian Falls (1111 Sunset Blvd, LinkedIn, Getty)
Newly approved Sunset Boulevard megaproject up for sale
Newly approved Sunset Boulevard megaproject up for sale
Sony Pictures Entertainment ceo and chairman Tony Vinciquerra with Scenic Arts Building addition, Sony Pictures Studios, 10202 W. Washington Blvd. in Culver City (Rios, Getty)
Sony adds office wing to 1930s workshop in Culver City
Sony adds office wing to 1930s workshop in Culver City
arrow_forward_ios

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

Loading...