New Developer Swoops In On Culver City’s Big Retail Project

by MR Magazine Staff

A longstanding proposal to transform a site in the heart of Downtown Culver City is moving forward, but under new management. Plans have been in the works for over five years to turn a city parking lot near the Culver Hotel, known as Parcel B, into a 110,000-square-foot office and retail complex. Last week, a new developer stepped in to complete the job. According to The Real Deal, Hackman Capital Partners bought the development rights to Parcel B. Hackman is taking over from the previous developers, Hudson Pacific Properties and Combined Properties, which, in 2011, were tapped by Culver City’s City Council to develop the parcel at 9300 Culver Boulevard. Hudson and Combined’s redevelopment plan was for a project called Culver Steps, which called for 45,000 square feet of retail, 65,000 square feet of offices, underground parking, and a 10,000 square foot public plaza for concerts, farmer’s markets, and outdoor movies. It’s unclear how much will change in the transition. Read more at Curbed Los Angeles.