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| 12099 and 12126 W. Waterfront Drive |
With Yahoo! on the cusp of signing a 130,000-square-foot lease in the under-construction Collective campus, Tishman Speyer Properties is now forging ahead with plans for their remaining Playa Vista real estate.
According to a November case filing from the Department of City Planning, the New York-based developer intends to construct two low-rise office buildings adjacent to Playa Vista Central Park. The first, a six-story structure, would rise from a nearly four-acre site at 12126 West Waterfront Drive. Directly across the street, plans call for a five-story building and associated surface parking on the six-acre property at 12099 West Waterfront Drive.
City records do not currently indicate the exact footprints of the proposed buildings. However, a January article from the Los Angeles Times reported that Tishman Speyer had entitlements to build up to 400,000 square feet of office space on the two properties
The proposed office complex may also be motivated by a major transaction which recently occurred west across Campus Center Drive. Google has reportedly spent $120 million to purchase a twelve-acre site located catacorner to the Tishman Speyer properties. The tech behemoth has entitlements to build up to 900,000 square feet of offices on the land, and is also expected to lease space in the adjacent aircraft hangar which was once used by Howard Hughes to construct the legendary Spruce Goose.
I wonder if there will be a Google bus to pick up people who work here but live in Silver Lake, DTLA, etc...
ReplyDeleteYou'd really hope the potential "highly educated, highly paid," work force that all media coverage has touted would make the common sense choice to live close to their job. Google certainly pays enough for someone to afford to live on the Westside.
DeleteMany Google employees live in SF and commute to Mountain View because they want to live in a more urban environment than what the peninsula or San Jose can offer. I think this is a similar scenario. Sure they might be able to afford to live in Westchester or Palms but the younger, single ones -- who aren't interested in Venice or Manhattan Beach -- might prefer Silver Lake or DTLA. Hard enough working in an antiseptic office park all day without having to go home to a bland Westside neighborhood at night.
DeleteI suppose DTLA - Playa Vista is a more reasonable distance than SF - Mountain View, although it lacks a Caltrain equivalent.
DeleteDT San Jose isn't bad, albeit a little sterile for my liking. Weird mixture of small town and big city.
West LA is not exactly Mountain View... Playa Vista is surrounded by fully built urban environment so Google is doing pretty much opposite of what it did in NoCal - it didn't go to Irvine for example, which would be the equivalent of Mountain View in SoCal. I think most Googlers will have no problem living west of 405. Playa Vista is already home to plenty of Googlers that work in Venice office or YouTube down the street. And Google pays for EZ Pass so their employees can take Big Blue Bus and Metro to work.
DeleteI never underestimate the willingness of Angelenos to live 20+ miles from where they work. There are plenty of interesting neighborhoods located west of the 405, but some will undoubtedly settle closer to DTLA.
DeleteMuch shorter distance although commute time is probably similar
ReplyDeleteHonestly, I've only done the peninsula trip via Caltrain, so I have no idea what driving conditions are like. I assume they're better than the nightmare otherwise known as the westbound commute along the Santa Monica freeway.
DeleteThe rents in the area along Jefferson Blvd. between Inglewood/Centinella Ave. on the west and 405 FWY on the east are cheaper and walking distance to Playa Vista, the Marina, Fox Hills shopping center and LAX.
ReplyDeleteThis is true, although who knows for how long that will remain the case.
DeleteCorrection driving distance to LAX
ReplyDeleteThey call this area the curve.
ReplyDelete