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California  + Retail  | 

Culver City Site Goes for $92M, Lendlease Plans $600M Development

Lendlease, in partnership with Aware Super Secure, acquired a nearly 3.6-acre transit-oriented, mixed-use development site in Los Angeles from La Cienega Properties, Ltd. for $92 million. The Australian firms plan to develop a $600 million project on the Culver City opportunity zone site at 3401 S. La Cienega Blvd.

The 500,000-square-foot mid-rise project will include 260 multifamily units, 250,000-square-feet of creative office space and ground floor retail.

Lendlease Americas’ Arden Hearing says, “Placemaking is at the heart of our business and we are bringing that mindset and capability to LA at this highly-desirable location, which boasts close proximity to entertainment and technology giants HBO, Apple, Amazon and Sony, as well as multimodal transportation options.”

Newmark’s Kevin Shannon, Ken White, Laura Stumm, Rob Hannan and Anthony Muhlstein brokered the deal.

Newmark’s Shannon says, “This is a phenomenal transit-oriented mixed-use site in the vibrant Culver City submarket, which is a ground zero for content creation as evidenced by Apple’s recent land purchases.”

The development process is slated to kick-off this year with construction starting in 2023 and completion in 2025 for what is Lendlease’s, and the partnership’s, first development in L.A.

For comments, questions or concerns, please contact Dennis Kaiser

*Pictured Lendlease Americas’ Arden Hearing

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
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