Post on 26-Apr-2020
transcript
CONSTRUC TION COMPLETE
2015 AIA National Architecture Firm Award
RESTAURANT, RETAIL & FITNESSSPACES AVAILABLE FOR LEASE 9300 CULVER BOULEVARD, CULVER CITY, CA 90232
CHRISTINE DESCHAINE 310-887-6440 CalBRE #00905121
LEE SHAPIRO 310-887-6226 CalBRE #00961769
Photo Credit: Eric Staudenmaier
Restaurant, Retail & Fitness SPACES FOR LEASE • 9300 CULVER BLVD. CULVER CITY, CA 90232
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
LEE SHAPIRO • 310-887-6226 CalBRE #00961769 | LShapiro@kennedywilson.com
CHRISTINE DESCHAINE • 310-887-6440 CalBRE #00905121 | CDeschaine@kennedywilson.com
PROJECT OVERVIEW
The Culver Steps consists of ±120,000 square feet of high-end development in the heart of downtown Culver City. The project features as approximately 40,000 square feet of chef-driven full service, quick service restaurants, iconic retail, and health/wellness tenants beneath approximately 70,000 square feet of Amazon studios office space on three levels.
Amazon Studios is located at the project itself and next door at Culver Studios totaling greater than 650,000 SF, and both HBO and Apple have leased newly constructed building total over 350,000 SF just down the block totaling greater than 1 million square feet of new office space under construction in the submarket.
Located at the center of the booming Culver City market between Amazon Studios, the Arclight Theater, and Trader Joe’s. The restaurant and retail spaces will benefit from a location surrounded by a large and growing daytime and evening population. It is adjacent to the Expo Line’s Culver City Station (connecting DTLA to Santa Monica), providing ease of access for customer and employee transportation to the site. There are three (3) city owned public structures within two blocks containing over
1,500 public parking spaces, in addition to subterranean on-site parking. The outdoor areas surrounding the project are highly improved featuring patio seating for restaurants as well as open public space for family, community events and activities. The restaurant and retail tenants are being carefully selected to provide the neighborhood with a shopping experience that will continue to define the increasing affluence of the Culver City market.
Restaurant, Retail & Fitness SPACES FOR LEASE • 9300 CULVER BLVD. CULVER CITY, CA 90232
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
LEE SHAPIRO • 310-887-6226 CalBRE #00961769 | LShapiro@kennedywilson.com
CHRISTINE DESCHAINE • 310-887-6440 CalBRE #00905121 | CDeschaine@kennedywilson.com
AVAILABLE SPACES � Fast casual restaurant spaces on the ground floor ranging from ±650-
2,875 SF � Full service restaurant on the 2nd floor of ±7,582 SF with 2 large
dedicated patios � Best in class retail shops, fitness and health/wellness spaces on the
ground floor from ±1,800–5,000 SF � Hard corner anchor retail space ranging from ±4,000–12,627 SF
Prospective tenants are hereby advised that all uses are subject to City approval.
PROJECT OVERVIEW
PROJECT HIGHLIGHTS � Beneath the new Amazon Studios office space and adjacent to Helms
Bakery, the Hayden Tract, Apple Studios office building and Sony Studios
� Approximately 290 on-site parking spaces in addition to 1,500 public parking spaces within 2 blocks
� Center of the submarket – 1 million SF of new office space under renovation/construction - over 5,000 daytime employees within two blocks
Restaurant, Retail & Fitness SPACES FOR LEASE • 9300 CULVER BLVD. CULVER CITY, CA 90232
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
LEE SHAPIRO • 310-887-6226 CalBRE #00961769 | LShapiro@kennedywilson.com
CHRISTINE DESCHAINE • 310-887-6440 CalBRE #00905121 | CDeschaine@kennedywilson.com
PROJECT VIEWS
PARKING INGRESS/EGRESS
MAI
N S
T
OFFICES
Restaurant, Retail & Fitness SPACES FOR LEASE • 9300 CULVER BLVD. CULVER CITY, CA 90232
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
LEE SHAPIRO • 310-887-6226 CalBRE #00961769 | LShapiro@kennedywilson.com
CHRISTINE DESCHAINE • 310-887-6440 CalBRE #00905121 | CDeschaine@kennedywilson.com
Clockwise from top Left: View of Culver Steps from W. Washington Blvd., office space lobby, The Culver Steps at the corner of Culver Blvd. and W. Washington Blvd., and view of the Culver Hotel from second floor.
Restaurant, Retail & Fitness SPACES FOR LEASE • 9300 CULVER BLVD. CULVER CITY, CA 90232
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
LEE SHAPIRO • 310-887-6226 CalBRE #00961769 | LShapiro@kennedywilson.com
CHRISTINE DESCHAINE • 310-887-6440 CalBRE #00905121 | CDeschaine@kennedywilson.com
RETAIL LEASING PLAN: GROUND FLOOR
WA
SHIN
GTO
N B
OU
LEVA
RD
Ground FloorCULVER BOULEVARD
PARKING INGRESS/EGRESS
650 SF
2,472 SF 2,637 SF
805 SF
761 SF710 SF
419 SF
219 SF
1,933 SF 2,391 SF 4,001 SF
2,074 SF
2,228 SF
2,471 SF
352 SF
102 SF
Restaurants$7.00 - $10.00 PSF/Mo., NNN (±$1.50 PSF/Mo.)
KEY:
Retail$6.00 - $8.00 PSF/Mo., NNN (±$1.50 PSF/Mo.)
Restaurant, Retail & Fitness SPACES FOR LEASE • 9300 CULVER BLVD. CULVER CITY, CA 90232
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
LEE SHAPIRO • 310-887-6226 CalBRE #00961769 | LShapiro@kennedywilson.com
CHRISTINE DESCHAINE • 310-887-6440 CalBRE #00905121 | CDeschaine@kennedywilson.com
RETAIL LEASING PLAN: SECOND FLOOR
22266 SFOFFICE
485 SFLOBBY
7582 SFRESTAURANT
102 SFSERVICE
548 SFSERVICE
2489 SFOUTDOOR ANCILLARY
83 SFSERVICE
1393 SFOUTDOOR DINING
210
COMMON SPACE
LOBBY
OFFICE
OUTDOOR DINING
RESTAURANT
SERVICE
VERTICAL PENETRATION
75 SFJ.C.
7998 SFCOMMON SPACE
66' -
8"
14' - 8"
100' - 5"
19' - 5"
76' - 2" 14' -
0"
30' -
5"
24' -
2"
33' - 1"
12' - 8"
25' - 5"
24' - 3"
13' - 10"
12' -
8"
SHEET NAME:PROJECT NAME: DATE / TIME STAMP:
Hackman Capital Partners Ehrlich Yanai Rhee Chaney Architects 6/20/2019 5:10:14 PMAP-04AREA PLAN - LEVEL 2 ELEVATED PLAZACULVER STEPS - PARCEL B
1" = 25'-0"2 LEVEL 2 ELEVATED PLAZA
SPACE ID AREA
COMMON SPACE7998 SF7998 SF
LOBBYLOBBY 485 SF
485 SFOFFICEOFFICE 2A 22266 SF
22266 SFOUTDOOR DININGOUTDOOR ANCILLARY 3881 SF
3881 SFRESTAURANTRESTAURANT 210 7582 SF
7582 SFSERVICEELEC 83 SFI.T. 102 SFJ.C. 75 SFRESTROOMS 548 SF
808 SFVERTICAL PENETRATION
92 SFELEVATOR 168 SFSHAFT 72 SFSTAIR 501 SF
834 SFGrand total: 19 43856 SF
Q
WA
SHIN
GTO
N B
OU
LEVA
RD
CULVER BOULEVARD
7,998 SF
7,582 SF
2,489 SF
22,266 SF1,393 SF
(OFFICES)
Restaurant Space $5.00 - $6.00 PSF/Mo., NNN (±$1.50 PSF/Mo.)
KEY:
Second Floor
Restaurant, Retail & Fitness SPACES FOR LEASE • 9300 CULVER BLVD. CULVER CITY, CA 90232
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
LEE SHAPIRO • 310-887-6226 CalBRE #00961769 | LShapiro@kennedywilson.com
CHRISTINE DESCHAINE • 310-887-6440 CalBRE #00905121 | CDeschaine@kennedywilson.com
VENICE BOULEVARD
WASHINGTON BOULEVARD WASHINGTON BOULEVARDROBER
TSO
N BOULE
VARD
NA
TION
AL BO
ULEVA
RD
METRO - EXPO LINE
DU
QU
ESNE AVEN
UE
HIG
UERA STREET
METRO - EXPO LINE
CULVER BOULEVARD
CITYHALL
ONE CULVER CITY(FORMERLY SONY PICTURES PLAZA)
260,000 SF OfficeRemodel
IN THE HEART OF CULVER CITY
•Chipotle •Coldstone •Yalla•Bäcoshop
9300 CULVER
P
P
P333
spaces389
spaces
801 spaces
Potential Future Development Sites
• Citizen Public Market• Cava• Kay N Dave’s
• Tender Greens• Akasha• Honey’s Kettle Fried Chicken• Ugo Cafe
• Bank of America• NextSpace Coworking• Public School 310• La Rocco’s Pizzeria
• Cerveteca• The Wallace• Hanjip Korean BBQ• Novecento Pasta&Grill
•HD Buttercup •Fathers Office •Rejuvination •Room & Board
Apple 128,000 SF Office
4,500 SF Retail
P
• The Jazz Bakery• Café Vida• City Tavern• S+W Country Diner• Wildcraft
• Doomie’s Home Cookin’ • USPS
Over 1,500 Parking Spaces within 2 Blocks of The Culver Steps
CULVER HOTEL46 Keys
Luxury Rooms & SuitesCULVER STUDIOS
±280,000 SF
KIRK DOUGLAS THEATER
CULVER STUDIOS ±720,000 SF OFFICE
BY 2020
HARLOW131 Units
12,500 SF Retail
IVY STATION200 Units 148 Keys
53,000 SF Retail 210,000 SF Office
PLATFORM40,000 SF Retail11,500 SF Office
ACCESS115 Units
31,240 SF Retail
VENICE CROSSROADS
Restaurant, Retail & Fitness SPACES FOR LEASE • 9300 CULVER BLVD. CULVER CITY, CA 90232
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
LEE SHAPIRO • 310-887-6226 CalBRE #00961769 | LShapiro@kennedywilson.com
CHRISTINE DESCHAINE • 310-887-6440 CalBRE #00905121 | CDeschaine@kennedywilson.com
P
P
Restaurant, Retail & Fitness SPACES FOR LEASE • 9300 CULVER BLVD. CULVER CITY, CA 90232
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
LEE SHAPIRO • 310-887-6226 CalBRE #00961769 | LShapiro@kennedywilson.com
CHRISTINE DESCHAINE • 310-887-6440 CalBRE #00905121 | CDeschaine@kennedywilson.com
P
P
Restaurant, Retail & Fitness SPACES FOR LEASE • 9300 CULVER BLVD. CULVER CITY, CA 90232
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
LEE SHAPIRO • 310-887-6226 CalBRE #00961769 | LShapiro@kennedywilson.com
CHRISTINE DESCHAINE • 310-887-6440 CalBRE #00905121 | CDeschaine@kennedywilson.com
Amazon Studios Rendering
Restaurant, Retail & Fitness SPACES FOR LEASE • 9300 CULVER BLVD. CULVER CITY, CA 90232
Kennedy Wilson | 151 S. El Camino Drive, Beverly Hills, CA 90212 | 310-887-6400 | www.kennedywilson.com/brokerageKennedy Wilson Properties, Ltd. (Responsible Broker, CalBRE #00659610) makes no warranty or representation as to the accuracy of the information contained herein. Terms of sale or lease and availability of the property are subject to change or withdrawal without notice.
LEE SHAPIRO • 310-887-6226 CalBRE #00961769 | LShapiro@kennedywilson.com
CHRISTINE DESCHAINE • 310-887-6440 CalBRE #00905121 | CDeschaine@kennedywilson.com
1 Mile 2 Miles 3 Miles
POPULATION
2019 Estimated Population 40,534 131,661 312,241
2024 Projected Populat ion 40,642 131,834 313,483
2010 Census Populat ion 38,643 126,819 299,279
2000 Census Populat ion 39,144 125,532 297,904
Projected Annual Growth 2019 to 2024 - - -
Historical Annual Growth 2000 to 2019 0.2% 0.3% 0.3%
2019 Median Age 35.5 37.1 37.8
HOUSEHOLDS
2019 Est imated Households 19,423 57,022 135,660
2024 Projected Households 19,985 58,607 139,817
2010 Census Households 17,938 53,284 126,202
2000 Census Households 17,946 52,963 126,604
Projected Annual Growth 2019 to 2024 0.6% 0.6% 0.6%
Historical Annual Growth 2000 to 2019 0.4% 0.4% 0.4%
RACE & ETHNICITY (2019 Est imates)
White 52.1% 51.8% 50.7%
Black or Afr ican American 9.6% 12.0% 16.3%
Asian or Pacif ic Is lander 19.4% 16.9% 13.3%
American Indian or Native Alaskan 0.7% 0.6% 0.6%
Other Races 18.3% 18.6% 19.0%
Hispanic 28.3% 29.5% 29.7%
INCOME (2019 Est imates)
Average Household Income $102,228 $113,305 $112,640
Median Household Income $81,128 $84,126 $80,944
Per Capita Income $49,115 $49,158 $49,005
EDUCATION (2019 Est imates)
Elementary (Grade Level 0 to 8) 3.8% 5.6% 6.5%
Some High School (Grade Level 9 to 11) 3.2% 3.9% 4.4%
High School Graduate 11.5% 12.6% 13.7%
Some College 17.8% 18.2% 18.8%
Associates Degree Only 5.0% 5.2% 5.7%
Bachelors Degree Only 33.7% 30.8% 29.4%
Graduate Degree 24.9% 23.7% 21.5%
BUSINESS (2019 Est imates)
Total Businesses 3,269 7,147 28,043
Total Employees 30,056 64,336 215,409
Employee Populat ion per Business 9.2 9.0 7.7
Residential Populat ion per Business 12.4 18.4 11.1
DEMOGRAPHICS