Culver City's dynamic transformation continues with the groundbreaking of Ivy Station Phase II, located at 8888 Venice Blvd. The initial phase, completed in 2020, brought 200 apartments, 200,000 square feet of office space (home to HBO and Apple), and a 148-room hotel. This new phase, developed by Lowe, AECOM Capital, and Rockwood Capital, will add another significant layer to the transit-oriented development.
"Ivy Station has proven to be a magnet for innovative companies and residents seeking a vibrant, connected lifestyle," said Tom Wulf, Executive Vice President at Lowe, during the groundbreaking ceremony. "Phase II is a direct response to the continued demand for high-quality, amenity-rich office environments and curated retail experiences in a highly accessible location. We anticipate attracting more creative and tech tenants eager to capitalize on Culver City's unique ecosystem."
The new office building will feature expansive floor plates, abundant natural light, and state-of-the-art building systems, designed to achieve LEED Gold certification. The ground-floor retail will focus on local boutiques, health-conscious eateries, and experiential services, complementing the existing offerings. The project also includes significant public realm improvements, including new plazas and pedestrian pathways, enhancing connectivity to the adjacent Metro E Line station.
Construction is projected to take approximately 24 months, with completion anticipated in mid-2028. The project's general contractor is Bernards. "This development is a testament to Culver City's strategic vision for smart growth," commented Culver City Mayor Yasmine-Imani McMorrin. "By integrating transit, housing, office, and retail, we are creating a truly sustainable and thriving urban village that benefits our residents and strengthens our local economy."
Market analysts predict strong leasing interest, given the tight supply of premium office space in the Westside submarket. "Culver City's office vacancy rate hovers around 10%, significantly lower than the broader LA County average of 18% for Class A space," noted Janelle Rodriguez, Senior Research Analyst at CBRE. "Developments like Ivy Station, with its direct transit access and proximity to major studios, command premium rents and attract top-tier tenants, even in a fluctuating market."
