The Culver Steps is a best-in-class 120,000-square-foot mixed-use development featuring approximately 42,000 square feet of retail and restaurant space and 80,000 square feet of creative office occupied by entertainment giant Amazon Studios. In 2023, KWP’s retail leasing team successfully leased 100% of the retail portion.
The development’s 11 curated retail tenants span an array of leading food and beverage, beauty, and wellness brands including organic grocer Erewhon, Sephora, Mendocino Farms, Philz Coffee, Pop’s Bagels, Afuri Ramen + Dumpling, Yunomi Handroll, Salt & Straw, CorePower Yoga, Formula Fig and Laurel Grill. KWP Brokerage’s Lee Shapiro and Christine Deschaine represented the landlord, Hackman Capital Partners, in the transactions.
Located across from the historic Culver Studios and Culver Hotel, The Culver Steps development in downtown Culver City marked a major milestone in the City’s growth and infrastructure.
“The success of this project is a combination of Hackman Capital’s vision for the property, a great location in a desirable market, and experienced commercial agents driving value for our client,” said Shapiro. “Our team received more than 150 offers for the then available 42,000 square feet of retail and restaurant space. Operators want very much to be here.”
The downtown Culver City trade area has been one of the hottest retail, restaurant and office development markets in the region, driven in part by Metro’s completion of the Expo Line in 2016. The area’s most recent mixed-use projects include The Platform, The Culver Steps and Ivy Station. Amazon Studios, Apple, HBO and Warner Media, amongst others, have all made the area home with significant office lease commitments.
“The KWP Brokerage team brought an incredible roster of tenants to the project, which has become the vibrant community destination we envisioned,” said Mike Racine, Executive Vice President with Hackman Capital Partners.
“Destination retail is the name of the game,” said Deschaine, “and Hackman Capital has provided the Culver City community with a true oasis where visitors are encouraged to spend time.”
