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.
The subject property is targeted for re-zoning by the city of Los Angeles for high density “new industry” uses. For more information on the new zoning and land use regulations contained in the Exposition Corridor Transit Neighborhood Plan (aka "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.
Under the recently approved Expo TNP the property is expected to be re-zoned from Light Industrial/M1 to Hybrid Industrial/New Industry 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).
Ownership is seeking offers from qualified purchasers for either a fee simple sale or ground lease.
- 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 was heard by the City Planning Commission on Thursday, November 9, 2017, the Planning and Land Use Management (PLUM) Committee of the City Council on June 26, 2018, the City Council for a first reading on July 3, 2018 and the City Council for a second reading on July 31, 2018. Litigation pending concerning the Expo TNP. See Los Angeles County Superior Court Case Number 18STCP02720 for more details.