An eyecatching development slated for a prominent site in Downtown Culver City may finally be taking steps forward.
The Real Deal L.A. reports that on Tuesday, Hackman Capital Partners has purchased the development rights for a parking lot at 9300 Culver Boulevard from fellow real estate investment trust Hudson Pacific Properties. The property, also known as Parcel B, is the site of a Culver Steps, a mixed-use complex that HPP had been pursuing with developer Combined Properties.
Although future plans for Parcel B are unclear, a project page from the Combined Properties website describes it as featuring 65,000 square feet of offices above 45,000 square feet of ground-floor retail space and a subterranenan parking garage.
The design, by Culver City-based EYRC Architects, calls for a four-story structure highlighted by a is highlighted by a grand staircase leading to a 10,000-square-foot elevated plaza. The proposed building is oriented towards the historic Culver Hotel and other nearby shops and businesses in the downtown area.
A city website lists a 2017 start date for construction.