Lendlease in partnership with Aware Super, has secured a 3.5-acre transit-oriented, mixed-use development site at 3401 S. La Cienega Boulevard in Los Angeles, with the two organizations each holding a 50% interest.
This project marks Lendlease's, and the partnership's, first development in Los Angeles and is further evidence of Lendleases specialized skill set in identifying attractive, market-advantageous development opportunities that are ripe for transformation and value conversion.
The 461,000-square-foot project will feature world class architecture in close proximity to the rapidly growing Culver City submarket. It will include 260 multi-family residential units, a six-story, approximately 250,000-square-feet of creative office space and ground floor retail. The residential building will include a roof amenity, and the two buildings will be connected by a subterranean garage and at-grade pedestrian plaza that embrace the entire project.
Located adjacent to the La Cienega/Jefferson light rail station, future residents, workers and visitors will enjoy convenient transit access to the beach and Downtown LA. The Exposition Corridor Bike Path, as well as a forthcoming Whole Foods, will offer additional connectivity and attractive amenities for commercial and residential tenants.
Lendlease is expected to commence construction in 2023 with development completion slated for 2025.