8949 Venice Blvd, Los Angeles, CA 90034

Offering 99 Year Ground Lease

8949veniceblvd.com

Premiere Transit Development Site


Kennedy Wilson Real Estate Sales & Marketing, as exclusive agent to the Owner, is pleased to present this prime commercial parcel approximately 200 feet from the Culver City Expo Metro Station and adjacent to Ivy Station, a multi-jurisdictional mixed use project currently under construction.

Under the recently adopted Exposition Corridor Transit Neighborhood Plan (aka "Expo TNP") the property has been re-zoned from Light Industrial/M1 to a newly created Hybrid Industrial/New Industry zone tailored to the development of properties for emerging creative industries such as digital technology, R&D, media and supporting uses. New Industry zone permits bonuses up to 101 feet and 4.0:1 FAR (See Note 1 below). For more information on the new zoning and land use regulations contained in Expo TNP click here

The intersection of Venice and Robertson Blvds is adjacent to the highly anticipated Ivy Station, an approximate 500,000 sq. ft. mixed use project. Opening in Winter 2019, Ivy Station will feature 200 apartments, 55,000 sq. ft. of ground floor retail and restaurant space, a 148-room boutique hotel and a 240,000 sq. ft. office building solely occupied by HBO, and includes more than 2 acres of public open space, all built above 1,500 below grade parking spaces.

Other prominent area developments include the future site of Apple at 8777 Washington, future site of Amazon at Culver Steps/Culver Studios, Platform, 8888 Washington, Access, Harlow, Culver City Arts District, Hayden Tract and many more.

Ownership is seeking offers from qualified firms for a 99-year ground lease.

INVESTMENT OVERVIEW

  • INCREDIBLE TRANSIT DEVELOPMENT SITE ADJACENT TO CULVER CITY METRO STATION
  • LOCATED IN THE EXPO CORRIDOR TRANSIT NEIGHBORHOOD PLAN (ECTNP)
  • DEVELOPMENT FRIENDLY NEW INDUSTRY ZONE (BONUSES UP TO 101' AND 4.0:1 FAR)
  • AREA DEVELOPMENTS:
    • HBO @ IVY STATION
    • APPLE @ 8777 WASHINGTON
    • AMAZON @ CULVER STEPS
    • +/- 4.3 MILLION TOTAL SF AND 2826 UNITS IN NEW DEVELOPMENTS IN AREA
  • VENICE AND ROBERTSON BOULEVARDS ±90,000 VPD
  • $26.6 BILLION ANNUAL CONSUMER SPENDING POTENTIAL (5-MILES)
  • GROSS LAND AREA OF 16,350 SF
  • APN: 4312-012-044

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Note 1: The Exposition Corridor Transit Neighborhood Plan has been adopted and will be effective as of 12/20/2019. There is litigation pending concerning the Expo TNP. See Los Angeles County Superior Court Case Number 18STCP02720 for more details.

realtor

310.887.6446

Marty Clouser

Cal Broker DRE# 00912230

(310) 887-6422

mclouser@kennedywilson.com

Rhett Winchell

Cal DRE #00867471

818.371.0000

rwinchell@kennedywilson.com

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