$34M Loan Sanctioned For 1111 Jefferson Boulevard, Culver City, Los Angeles

1111 Jefferson Boulevard Site1111 Jefferson Boulevard Site via wHY

A new mixed-use property has been proposed at 1111 Jefferson Boulevard in Culver City, Los Angeles. The project proposal includes the development of a complex offering housing and commercial space.

3MR Capital and The John Buck Company are the project developers and have scored a $34-million loan for the project. Culver City-based wHY Architecture and AO are responsible for the design concepts.

1111 Jefferson Boulevard Apartments

1111 Jefferson Boulevard Apartments via wHY

The $210-million project was approved earlier this year to redevelop a 3.4-acre site with a new five-story structure featuring 230 apartments, offered as a mix of studios, one-bedroom, two-bedroom, and three-bedroom apartments. The property will feature 19 very low-income affordable units. Commercial space spanning an area of 55,000 square feet will be developed on the ground floor. The building will also offer 11,450 square feet of second-floor office space, and parking for 653 vehicles.

1111 Jefferson Boulevard Interior

1111 Jefferson Boulevard Interior via wHY

The property is currently occupied by a Coco’s restaurant, an auto repair garage, and a post office, all slated for demolition.

1111 Jefferson Boulevard

1111 Jefferson Boulevard via wHY

Renderings reveal a contemporary podium-type building with a setback above its second floor that will create open space for residents. At street level, plans call for a new 13,000-square-foot courtyard at Sepulveda and Jefferson and a 30,000-square-foot public park fronting Machado Road.

1111 Jefferson Boulevard View

1111 Jefferson Boulevard View via wHY

A construction schedule reveals that the project is expected to be built over a 26-month period starting in the second quarter of 2022 and concluding in the third quarter of 2024.

1111 Jefferson Boulevard Pocket Park

1111 Jefferson Boulevard Pocket Park via wHY

The property site is bounded by Sepulveda, Jefferson Boulevard, and Machado Avenue.

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