Habitat
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.
As at 30 June 2024. Estimated project value, details and completion date reported in Lendlease Full Year Results, 30 June 2024. Figures in AUD.
Project vision
This project marks Lendlease's, and the partnership's, first development in Los Angeles and is further evidence of Lendlease's specialized skill set in identifying attractive, market-advantageous development opportunities that are ripe for transformation and value conversion.
The 454,000-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 commenced construction in 2023 with development completion slated for 2025.