According to reports, Lendlease and joint venture partner Aware Super have successfully secured $316 million in construction funding for their project, Habitat. Located at 3401 S. La Cienega Blvd., the development will include a six-story office building, a 12-story apartment building with 260 units, and retail space totaling 2,900 square feet. The project is expected to be completed by 2026.
L.A. Business First stated that the creative office portion of Habitat spans over 253,000 square feet and is being marketed towards entertainment and media companies in the area. Designed by Shop Architects with commercial interiors by A+I and Steinberg Hart, the offices will feature spacious floor plates of up to 50,000 square feet with high ceilings of up to14-feet tall as well as ample natural light and terraces.
In order to secure financing for this ambitious project,Lendlease has partnered with Baringsand Counterpointe Sustainable Real Estate.L.A.Business First reported that Lendlease has previously worked alongside Barings on financing for Claremont Hall,a luxury condo tower located in New York.Counterpointe also contributed $156 million through its C-PACE program towards funding this development.
The news was first reported by Connect CRE , highlighting Lendlease’s successful partnershipwith Aware Superin securing financingfor their mixed-use developmentin Culver City.
