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

Samitaur Construction recently refinanced its local office portfolio, which includes the planned construction site

TRD LOS ANGELES /
Aug.August 23, 2019 02:00 PM
amitaur Constructs founders Laurie and Frederick Samitaur Smith and the development site (credit: Getty Images and Google Earth)
amitaur Constructs founders Laurie and Frederick Samitaur Smith and the development site (credit: Getty Images and Google Earth)

A developer whose projects include the high-concept (W)rapper Tower is now proposing a 22-story office tower in West Adams.

Local firm Samitaur Constructs filed for the project this week through 5850 West Jefferson LLC. The site at 5860 W. Jefferson Boulevard is about 3 acres, with a large parking lot and a 49,000-square-foot creative office building that’s fully leased to shoemaker Nike.

Nike sued Samitaur last fall for failing to deliver the office space by its late 2017 deadline.

Samitaur’s recent filing calls for four stories of subterranean parking. The project is planned with 50,000 square feet of commercial space and needs city approval to exceed the local 61-foot height limit.

Samitaur also owns two properties directly north of the development site. One is a two-building office property leased by WeWork and Jukin Media. Farther north is the development site for Samitaur’s long-planned but still unbuilt architectural (W)rapper Tower.

Samitaur refinanced its local office portfolio, including the West Jefferson development site, in December with a $231.6 million mortgage with Square Mile Capital and Deutsche Bank.

The refinancing could provide Samitaur with the financial flexibility to move forward with the (W)rapper Tower and the 22-story project.

Samitaur hasn’t previously disclosed plans for the 22-story tower. The firm and Eric Owen Moss Architects, did not immediately return request for comment on the project.


Related Articles

arrow_forward_ios
From left: NortonLifeLock’s Vincent Pilette, Northwood Investors’ John Krukal, and the property (Credit: Google Maps)

Northwood Investors pays $120M for Culver City office complex

Northwood Investors pays $120M for Culver City office complex
(iStock)

SoCal developers say demand for office, retail space will continue to drop

SoCal developers say demand for office, retail space will continue to drop
(iStock)

LA County sublease space hits record level in Q2

LA County sublease space hits record level in Q2
Lowe co-CEO’s Mike and Rob Lowe, Related Fund Management’s Justin Metz, 2130 Violet Street

Related affiliate joins with Lowe to build Arts District office complex

Related affiliate joins with Lowe to build Arts District office complex
DTLA and Century City (Credit: Basil D Soufi via Wikipedia, and iStock)

Office leasing in Q2 was a fraction of what it was a year ago

Office leasing in Q2 was a fraction of what it was a year ago
Brookfield Asset Management CEO Bruce Flatt and Woodridge CEO Michael Rosenfeld with 101 S. Marengo Avenue, and a rendering of the building (Credit: Google Maps)

CRE investment sales in LA sank like a stone in May

CRE investment sales in LA sank like a stone in May
City National Plaza, CommonWealth CEO Brett Munger Calpers CEO Marcie Frost

CalPERS venture snags $550M refi on City National Plaza tower

CalPERS venture snags $550M refi on City National Plaza tower
Woodridge CEO Michael Rosenfeld with 101 S. Marengo Avenue, and a rendering of the building (Credit: Google Maps)

Windowless but not buyerless: Woodridge sells distinctive Pasadena office complex

Windowless but not buyerless: Woodridge sells distinctive Pasadena office complex
arrow_forward_ios

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

Loading...