Construction has started for Culver City’s $350 million Ivy Station by the project’s developers, Lowe Enterprises, Rockwood Capital and AECOM Capital.
Upon completion in 2019, the project at the Culver City Metro Stop will feature a total of 200 apartments, a 200,000-sq. ft. hotel, a 200,000-sq. ft. office building, a 55,000-sq. ft. retail and dining space, and two acres of open space. The project broke ground in late September after a couple of months of demolition and site abatement.
There will be 1,500 spaces of basement parking with 300 for exclusive use of Metro station riders. This is a significant increase in parking space compared to the station’s former 585-space parking lot, which closed in February.
In a statement, Culver City Mayor Jeffrey Cooper referred to the development as a “true gem”.
“The city’s overall plan has been to create a higher-density transit-served neighborhood that provides new, quality housing, retail and employment opportunities that will help improve regional mobility and air quality by reducing local reliance on automobile,” Cooper said.
The 200 apartments will be constructed at the development’s center in two buildings, one with five floors and the other with six.
Meanwhile, the office building fronting Venice Blvd., designed by Ehrlich Yanai Rhee Chaney Architects, will showcase plenty of natural lighting and flexible floorplates, the developers say.
The Natural Resources Defense Council supports the development saying that it encourages a healthier and more active lifestyle. The organization also foresees the Ivy Station to bring in a slew of new investments and increase Culver City property values.