The Culver Steps Development Taps Kennedy Wilson to Rep Exclusive 40,000-Square-Foot Retail Portion
Washington, DC – (RealEstateRama) — Global real estate investment and services firm Kennedy Wilson has been named the official broker of record for retail at 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 40,000 square feet of vibrant retail space, 75,000 square feet of creative office space and a 35,000-square-foot public plaza. Destined to become the new 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 working population and residential community, as well as 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. Developed by Hackman Capital Partners and owned by a Hackman Capital affiliate, The Culver Steps officially broke ground on Nov. 8 and 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, 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, 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 are 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 on retail availability at The Culver Steps, contact Lee Shapiro at lshapiro (at) kennedywilson (dot) com or Christine Deschaine at cdeschaine (at) kennedywilson (dot) com.
About Kennedy Wilson
Kennedy Wilson (NYSE:KW) is a global real estate investment company that offers brokerage and property management as a part of a comprehensive array of real estate services. Specializing in the leasing and sale of commercial and multifamily properties, the brokerage team represents tenants and landlords on every aspect of site selection, negotiation and occupancy. Headquartered in Beverly Hills, brokerage services are also offered at Kennedy Wilson offices in Austin, Chicago, Las Vegas, San Francisco and Sacramento. For further information, please visit www.kennedywilson.com/brokerage.
