Lowe, Partners Kick Off $300M Culver City Development
ByLowe, formerly Lowe Enterprises, strikes a blow for smart growth in Los Angeles. The commercial real estate firm and its partners just commenced construction of the highly anticipated Ivy Station, a 500,000-square-foot mixed-use project that will sprout up across from a Los Angeles Metro Expo light-rail station in Culver City. Lowe is joined on the approximately $300 million transit-oriented development by AECOM Capital, its co-developer, and an investment vehicle sponsored by Rockwood Capital, which is providing additional financing.
“Ivy Station will be a property that is welcoming to all—commuters, residents, tenants and guests based there, as well as the neighborhood community,” Tom Wulf, senior vice president with Lowe, told Commercial Property Executive. “It is designed to encourage public engagement as it connects seamlessly and embraces the Expo light-rail station, and offers multiple points of entry and connection to the neighborhood for pedestrians, cyclists or by car.”…
