Charles Co. wants to doubles office space at Melrose Triangle project

Move to boost office to 245K sf comes months after starting work on West Hollywood complex

Los Angeles /
Oct.October 01, 2021 08:38 AM
Charles Co.’s Melrose Triangle project design at 9060 Santa Monica Boulevard (iStock, Melrose Triangle)

Charles Company wants to nearly double the office space it had planned for its Melrose Triangle project in West Hollywood.

The firm wants to bring the office component up from 137,000 square feet to 245,000 square feet, according to Commercial Observer. That kind of change isn’t uncommon for projects, especially amid the volatile market that the pandemic has created. But the twist on this one is that Charles Company broke ground on the project in May. Gensler is designing it.

Charles Company secured approvals for the earlier version of the project nearly seven years ago. The development site is a triangular lot at 9060 Santa Monica Boulevard.

To make space, residential units would be reduced from 76 to 41 and retail space reduced from 82,000 square feet to 66,000 square feet.

The pandemic hit the Los Angeles office sector harder than any type of real estate, except for possibly hospitality.

But Jack Kurchian, Melrose Triangle’s project manager, expects future demand to be strong, according to the report. Others have expressed similar optimism.

“The demand for additional office space in West Hollywood has been strong for years, and the pandemic has only intensified the need for low-rise, creative office space, along with the call for more outdoor open space,” CO reported.

West Hollywood’s 6 million square feet of office space is 85 to 90 percent leased, according to JLL.
Developer Faring is also reworking its Robertson Lane project a few blocks away for the same reason — to incorporate office space.

Unlike at Melrose Triangle, office space was not part of Faring’s previous version of Robertson Lane. Faring wants to eliminate 100 hotel rooms from the project and add 35,700 square feet of office space. [CO]Dennis Lynch





    Related Articles

    arrow_forward_ios
    2121 Avenue of the Stars and 555 West 5th Street
    LA, OC see $30B in CMBS loans due this year
    LA, OC see $30B in CMBS loans due this year
    Rendering of 8899 Beverly (8899 Beverly, Getty)
    Six condo sales add up to $53M at 8899 Beverly
    Six condo sales add up to $53M at 8899 Beverly
    (Getty)
    LA office market ends 2022 on a low note
    LA office market ends 2022 on a low note
    From left: One Culver, 8631 & 8635 W 3rd St, 555 S Aviation Blvd
    LA’s biggest office sales came early in 2022
    LA’s biggest office sales came early in 2022
    BLT's Rob Solomon and BMW Designworks' Holger Hampf with 1601 Olympic Boulevard (BLT Enterprises, BMW Designworks, LoopNet)
    BMW’s design studio shrinks footprint with drive to Santa Monica
    BMW’s design studio shrinks footprint with drive to Santa Monica
    From left: Starwood Capital's Barry Sternlicht and Joel Schreiber along with 801 South Broadway (Getty, LoopNet)
    Starwood takes Schreiber’s Broadway Trade Center following foreclosure
    Starwood takes Schreiber’s Broadway Trade Center following foreclosure
    Meg Whitman and Sierra Towers room at 9255 Doheny Road, West Hollywood (Getty, Carolwood Partners)
    Meg Whitman looks at $1M loss on West Hollywood condo
    Meg Whitman looks at $1M loss on West Hollywood condo
    Christina's Lawrence Taylor with rendering of Larrabee project (Christina)
    Christina Real Estate to bring luxe condos to Sunset Strip
    Christina Real Estate to bring luxe condos to Sunset Strip
    arrow_forward_ios

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

    Loading...