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

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

Jefferson Creative Campus sells for $169M in Culver City (Credit: Newmark Knight Frank)

Lincoln, Clarion snap up Culver City office campus for $169M

A multifamily building could replace this auto body shop (Credit: Google Maps)

Bastion plans 139-unit project on doorstep of booming Culver City

10301-10335 West Jefferson Boulevard and Jim Jacobsen Chairman, CEO at Redcar LTD (Credit: 42 Doors and LinkedIn)

Redcar pays $74M for Culver City office complex, eyes expansion

David Pressberg and 6000-6024 Buckingham Parkway (Credit: Google Maps)

R.W. Selby buys $33M Culver City rental in deal brokered by seller’s kin

From left: Owen Fileti, and Felipe Gomez

Startup brokerage HelloOffice expands to LA, hires former top LA Realty broker

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

Oakmont Capital is building a mini multifamily empire in Palms

Ruth Group President Bob Ruth

Vacancies abound in LAX office submarket but so do investors

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