Global real estate investment and services firm Kennedy Wilson has been named the official retail broker of record for The Culver Steps, a transformative mixed-use development, adjacent to The Culver Studios and Culver Hotel in Downtown Culver City. The four-story development will offer 45,000 square feet of vibrant retail space, 75,000 of creative office space and a 35,000-square-foot public plaza. Destined to become the new central gathering place in the Heart of Screenland, The Culver Steps will create an open, pedestrian-friendly, urban hub with shopping and dining for the area’s daytime working population and residential community, plus an outdoor venue for movies, concerts and special events.
Lee Shapiro and Christine Deschaine, executive vice president and senior vice president of brokerage at Kennedy Wilson, are the exclusive leasing agents for the 40,000-square-foot retail portion of the project being developed by Hackman Capital Partners and owned by a Hackman Capital affiliate. Currently under construction, The Culver Steps is slated to open in 2019.
“This development will be a great addition to Culver City, which continues to experience a significant resurgence,” says Shapiro. “The city is already a center for media and entertainment companies, like Sony and NFL, and now with Amazon Studios bringing hundreds of permanent employees to The Culver Studios next door, The Culver Steps will attract a huge population.”
Situated on more than one acre, at the corner of Culver Boulevard and Washington Boulevard, and designed by EYRC Architects, 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 feature glass doors that slide and roll up to take advantage of the Southern California climate. The building and public plaza will be integrated along a “grand architectural staircase,” that cascades down the building’s side, forming landscaped terraces and seating areas.
“Culver City is an exciting, vibrant community we treasure, and we’re committed to making The Culver Steps one of its significant landmarks,” said Mike Racine, Vice President of Hackman Capital Partners. “We confident Kennedy Wilson will help us achieve that mission, by bringing to the development—and the community—the best tenants and the best tenant mix.”
For more information about Kennedy Wilson, visit www.kennedywilson.com. For more information about the retail portion of Culver City Steps, contact Lee Shapiro at email@example.com or Christine Deschaine at firstname.lastname@example.org.