Roughly 10 months after we last dropped in, framing is now complete for the multiple buildings of Culver City's Ivy Station development, and exterior finishes are now being applied.
The $300-million complex - which spans a five-acre site fronting Washington, National, and Venice Boulevards - is being developed by Los Angeles-based real estate investment firm Lowe in partnership with AECOM-Canyon Partners and Rockwood Capital. The three podium-type and concrete frame buildings will enclose:
- 200 apartments;
- the 148-room Shay Hotel - operated by Hyatt; and
- 240,000 square feet of office space that will become the new West Coast headquarters of HBO.
Approximately 50,000 square feet of retail and restaurant space will sit at street level. Announced tenants include Equator Coffees, LA Ale Works, Mamoun's, Stretch Labs, YogaSix, and Healthy Spot.
Plans also call for approximately two acres of publicly-accessible open space, including a central courtyard connecting to the adjacent Metro station.
Completion is expected to occur in phases through 2020 and 2021.
Ivy Station is the largest of several mixed-use developments that have recently sprouted within walking distance of Culver City Station, including the 8777 Washington office complex (which has been leased by Apple) and the new headquarters of video game maker Scopely.
- Ivy Station (Urbanize LA)