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3/23/23
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The Culver Steps, a 120k sf mixed-use development in the heart of downtown Culver City, is fully leased. The project, located at 9300 Culver Blvd, across from the historic Culver Studios and Culver Hotel, is a development of an affiliate of Hackman Capital.
The project features 42k sf of retail and restaurant space, along with 80k sf of creative office occupied by entertainment giant Amazon Studios. Adjacent to The Culver Steps is a nearly one-acre public plaza and subterranean parking, all managed and operated by The Culver Steps team.
The development's 11 retail tenants span an array of leading food and beverage, beauty, and wellness brands including organic grocer Erewhon, Sephora, Mendocino Farms, Philz Coffee, Pop’s Bagels, Afuri Ramen + Dumpling, Yunomi Handroll, Salt & Straw, CorePower Yoga, and Formula Fig.
Kennedy Wilson Brokerage’s Lee Shapiro and Christine Deschaine represented the landlord in the transactions. According to Shapiro, they received more than 150 offers for the retail and restaurant space.
The downtown Culver City trade area has been one of the hottest retail, restaurant and office development markets in the region in the last five years, driven in part by Metro’s completion of the Expo Line in 2016. The area’s most recent mixed-use projects include Platform, The Culver Steps and Ivy Station. Amazon Studios, Apple, HBO and Warner Media, amongst others, have all made the area home with significant office lease commitments.
Designed by Ehrlich Yanai Rhee Chaney Architects, The Culver Steps was a former parking lot and officially opened in 2019 with Amazon Studios as its major tenant. Per Placer.ai, The Culver Steps has experienced an increase in overall visits by 60% over 2021 and a 13.2% increase in trade area drawing from over 43 square miles. With the opening of Erewhon, visitation is expected to continue to trend upward for the remainder of the year.
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