The Culver City Council this week greenlit a proposed mixed-use development that would replace the post office, Coco's Bakery and an auto repair shop at the intersection of Jefferson and Sepulveda Boulevards.
The 3.43-acre (149,553 square foot) property is currently developed with three single-story commercial buildings, surface parking, a parking lot that serves the proximate Exceptional Children's Foundation (ECF).
The project, named after its address 11111 Jefferson Blvd., calls for clearing the site bounded by Sepulveda, Jefferson, and Machado Avenue and erecting a new five-story structure. The Project is a joint venture between 3MR Capital and the John Buck Company.
The completed project is expected to feature up to 230 apartments, including 19 very low-income affordable units and 55,000 square feet of ground-floor commercial uses, said city officials. Plans also call for 11,450 square feet of office space on the building's second floor and parking for 653 vehicles.
Additionally, the project would include a new 13,000-square-foot courtyard at Sepulveda and Jefferson and a 30,000-square-foot public park fronting Machado Road, said city officials.
According to city planning officials, construction of 11111 Jefferson Blvd. would take approximately 26 months, starting in the second quarter of 2022 and concluding in the third quarter of 2024.
The project is estimated to cost at least $250 million.
Reader Comments(0)