The post-Cold War decline of Southern California's aerospace industry left numerous industrial buildings in El Segundo without occupants. Decades later, the spread of Silicon Beach is finally offering a path forward.
Steelwave, a real estate firm based out of Foster City, is rehabilitating a former Raytheon research facility at 2030 E. Maple Avenue into creative office space. The one-story structure, located east of Sepulveda Boulevard, was previously used in the development of the B2 bomber and other defense type planes.
The adaptive reuse of the building, which is now known as Insite, will create nearly 100,000 square feet of commercial office space. The redesign by HLW Architects has reimagined the facility as an indoor-outdoor experience, with lush gardens along the exterior and a walkway cutting through the center of the building.
Recent years have seen other investors reimagine nearby properties as a mixture of creative offices and retail space. Just down the street from Insite, the Los Angeles Lakers are building a $80-million, 120,000-square-foot practice facility.
Potential tenants at the building are expected to come from traditional creative industries, as well as bioscience firms.
- Insite (Steelwave)