search

The Real Deal Logo

Trending

Trump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlords
Development
Los Angeles

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

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.

Sign Up for the undefined Newsletter

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.

Tags
Culver CityOffice Real Estate