area newsletter AUGUST 2019 • WESTSIDE
20 19
Community News Lincoln Property Co. puts Culver City office campus on the market
Securities Exchange Commission in April and the following month was in talks with JPMorgan for a $2.75 billion line of credit. The We Company stands to be the second-largest public listing this year, following Uber. The shared workspace company is valued at $47 billion but will the IPO match the We Company’s valuation is still up for question especially because the company has yet to turn a profit.
Blackwelder, the 19-building business park in Culver City is on the market. Developed by Lincoln Property Co., the 157,600-square-foot complex features an industrial look with exposed steel frames and open floor plans. The 6.4-acre campus is located on the corner of La Cienega Boulevard and Fairfax Avenue. The first round of bidding closed; sources say it could fetch as much as $150 million. Culver City has become one of the hottest submarkets in Los Angeles, drawing tech and media companies to
Beverly Hills Maison 140 to be revamped and replaced by boutique Lasky Hotel
the area. With HBO and Apple signing leases, the price of rent has also been growing bringing the average asking price to be $3.80 per square foot which is better than Silicon Beach with a price of $5 per square foot.
WeWork aiming for September IPO We Company, the parent company of WeWork and WeLive is speculated to go public as early as this September. Following its rebranding, the company has taken the initial steps for the public markets with paperwork for an IPO being filed with the U.S. and
The owners of the Maison 140 Hotel at 140 S. Lasky Drive plan to replace the aging building and an adjacent parking lot with a new 66-room boutique hotel renamed the Lasky Hotel. City planning officials have green-lit the reconstruction of the hotel which will include ground-
Community News floor retail, and a rooftop deck. The Maison 140 Hotel dates back to the 1930’s, Kollin Altomare Architects, hope to restore the grand European elements found throughout the design of the hotel. The firm has designed for major
Santa Monica City Council Approves Two Affordable Housing Projects
L.A. boutique hotels such as the Sheraton Los Angeles San Gabriel and the redesign of the Viceroy L’Ermitage in Beverly Hills.
Planning Commission Approves La Peer Project in Split Vote Construction is underway for The Magnolia Villas, a .31acre affordable housing project planned for 1445-1453 10th Street. The four-story building will contain 40 units of senior affordable housing with a community garden, courtyard and parking for 10 vehicles. All units will be occupied by senior households aged 62 and older earning A new three-story commercial building has been approved by a divided West Hollywood Planning Commission after a prolonged debate. The “transformative design, retail and restaurant center,” according to Jake Stevens, director of community engagement, will replace two existing one-story commercial buildings. Stevens is confident his contemporary design of the building will create an elegant, sophisticated appearance despite opposing views. Some are concerned that this project will interfere with another proposed plan while others are delighted that the rooftop outdoor dining area will keep sounds from escaping into the surrounding areas. The La Peer Project will aid in maximizing the potential in this area and carry the West Hollywood Design District into the future.
60. Percent less than the Los Angeles median income. Tenants will be selected from the City’s established waiting list and completion is planned for February 2020. This is the second affordable housing project underway this
year from developers EAH Housing. The firm also is pursuit of the development of a 42-unit low income apartment building at the former home of Santa Monica’s Nikkei Hall.
Restaurant
Spotlight
Tumbi
Margot
Teddy's Red Tacos
115 Santa Monica Blvd. Santa Monica
8820 Washington Blvd. Culver City
46 Windward Ave. Venice
Looking for a casual dinner near The
Margot is a rooftop restaurant which
Starting in a truck by the train tacks
Promenade to unwind, drink wine,
makes it the ideal spot to grab some
and now they are open by the board
and eat good Indian food…look no
drinks and watch the sun go down.
walk in Venice. Teddy’s is a fantastic
further than Tumbi. This modern
This is an elegant dining experience,
and exiting place for lunch or a
Indian restaurant and bar in the heart
the indoor and outdoor spaces
quick dinner. Make sure you try the
of Sant Monica offers the intimate
include 360 degree views of the city.
deluxe platter which includes one
space of a warm and inviting
This space offers the perfect setting
of everything they serve also it’s
atmosphere. The menu if full of
for all special occasions. As well as
a no brainer to order lots of their
interesting dishes like Patiala chicken
their great cocktail menu they serve
cheesy tacos, warning they are very
and an apricot toothfish masala,
unforgettable Mediterranean Italian
hard to stop eating. Teddys food is
all the dishes take modern Indian
food. Their menu involves lots of
big, gooey and delicious, the kind
cuisine to the next level. Tumbi is
pasta and seafood. Margot is open
of meal you need after a long day of
open Monday-Sunday 11AM-11PM.
everyday from 11am-2pm.
exploring all that Venice has to offer. Teddy’s is open Tuesday-Friday 9am7pm and Saturday and Sunday from 9am-5pm. FYI they are cash only!
SIGHTS & SOUNDS in LOS ANGELES
The Broad Museum
Petersen Automotive Museum
221 South Grand Avenue Los Angeles, CA 90012
6060 Wilshire Boulevard Los Angeles, CA 90036
J. Paul Getty Museum 1200 Getty Center Drive Los Angeles, CA 90049
CURRENT EXHIBITION:
CURRENT EXHIBITION:
CURRENT EXHIBITION:
Soul of a Nation: Art in the Age of Black Power 1963-1983 March 23 - September 1, 2019
Hollywood Dream Machines: vehicles of Science Fiction and Fantasy Open Now - May 2020
Eighteenth-Century Pastel Portraits August 28, 2018 – October 13, 2019
The Broad is hosting this special exhibit of artwork by AfricanAmerican artists who were active during the civil rights and black power movements of the 1960’s and 1970’s, and into the early years of the conservative Reagan administration. LA artists Charles White, Betye Saar, and William T. Williams are among the 60 artists whose work is featured. The exhibition is organized by Tate Modern and presented locally by Art + Practice, a Leimert Park-based organization.
Hollywood Dream Machines: Vehicles of Science Fiction and Fantasy explores cult classic films and stories that have envisioned fantastic futuristic worlds, technologies, characters and cars. Through props, design drawings and physical vehicle models, this exhibit brings pop culture’s visions of dystopian, utopian, and science fiction worlds to life.
Celebrating a medium that is often overlooked in other time periods, this exhibit delves into the favored form of portraiture in late 18th century Europe. Pastels allowed the artist to create classically beautiful works without the arduous process that oil painting often requires. This flexibility coincided with the growing class of people who patronized portrait artists, creating a unique body of work that represented both an evolving craft and an evolving society.
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