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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
- ◦Development
- ◦Sale/Acquisition




