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5/09/16
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Colorado Creative Studios LLC has started development of Santa Monica Gateway, a two-building, 200k sf creative office campus in Santa Monica. The project, located at 2834 Colorado Ave, just north of the I-10 Fwy at Stewart St, will be available for occupancy in late 2017.
Designed to fit the needs of technology and media tenants, Santa Monica Gateway offers 10.6k sf to 36k sf floor plates in a two-building, four-story campus complemented by a three-level subterranean garage. The LEED qualified campus architects are DRDS and Gruen Associates. The modern design features concrete and glass structures. Located within a ten–minute walk to the new Expo Line, onsite amenities include bike lockers and showers.
Leading the leasing efforts for Santa Monica Gateway are Carl Muhlstein and Tom Cherry of JLL. JLL is also handling project and development management.
“Santa Monica continues to be the premier hub for the media and technology sectors”, said Jack Walter, Owner of Colorado Creative Studios LLC, “Our goal is to create a walkable/livable community for our tenants.”
According to JLL Research, media and entertainment sectors accounted for 33 percent of all leasing activity in the first quarter of 2016.
“Santa Monica continues to appeal to firms because of its abundant amenities, multiple transit options, millennial housing and skilled labor,” said Muhlstein. “Santa Monica Gateway is the perfect project to alleviate the low vacancy and lack of large blocks of space”.
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