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Hackman Capital Partners Breaks Ground on The Culver Steps

By November 8, 2017 No Comments

Hackman Capital Partners joined with past and present Culver City elected officials today to break ground on The Culver Steps, a 1.16-acre mixed-use development planned for the parcel adjacent to The Culver Studios and the Culver Hotel in Downtown Culver City.

Designed by award-winning local firm Ehrlich Yanai Rhee Chaney (EYRC) Architects, the four-story development will consist of approximately 40,000 square feet of vibrant retail and restaurant space, 75,000 square feet of cutting-edge creative office space and a 35,000-sqaure-foot public plaza. The plaza will be integrated with the building along a “grand architectural staircase” that cascades down the side of the building, forming landscaped terraces and seating areas. When completed, the development will create a dynamic, new central gathering place in Downtown Culver City—an open, pedestrian-friendly, urban hub for shopping and dining, plus an outdoor venue for movies, concerts and special events.

“This is a meaningful occasion both for us and the city,” said Michael Hackman, founder and CEO of Hackman Capital Partners. “It’s an exciting and fitting achievement that in the year we celebrate Culver City’s Centennial, we also embark on its future. Today we’re breaking ground on The Culver Steps—beginning, together, what will become a vital and treasured landmark in the heart of the city.”

That excitement was shared by Jeff Cooper, the mayor of Culver City, and Andy Weissman, who was mayor when the project was first approved in December 2011.

“The Culver Steps will be the crowning achievement of our Downtown,” Cooper said. “With the recent announcement of Amazon Studios’ relocation to adjacent Culver Studios, coupled with the energy that already exists in the area with the nearby movie theaters, Kirk Douglas Theater, restaurants and Culver Hotel, this project with its expansive public open space is certain to function as the heart of Downtown Culver City and create a welcoming environment for all to enjoy.”

In the design crafted by EYRC Architects, the ground level will be dedicated to retail space and the upper three floors for creative offices. The exterior of the building will be clad in charcoal-colored brick and steel to complement the historic structures surrounding it. Inside, the spaces will have glass doors that slide and roll up to take advantage of the Southern California climate and fuse indoor and outdoor activities. The project will create synergy, too, with The Culver Studios Mansion and the Culver Hotel, adjacent landmarks that bookend the project site.

“As a longtime community stakeholder, Hackman Capital really has demonstrated a thorough understanding of this city and about what will work best for this important site at the heart of Downtown,” Weissman said. “Under their stewardship, they’ve honed what was already a terrific project and turned it into something that will be truly spectacular.”

“When the opportunity arose to acquire the project, long contemplated as part of Culver City’s redevelopment plan we jumped at the chance to further invest in a town we’ve come to love,” Hackman said. “The Culver Steps is truly unique, and we are excited by the opportunity to bring this project to life.”

Construction is projected to take 18 months to complete, with opening of The Culver Steps projected to occur in 2019.