CIM Group, which has recently a developed a slew of new commercial and multifamily residential buildings on West Adams Boulevard, is now expanding its slate of projects to another of South L.A.'s busiest thoroughfares.
Recently, construction started at the northeast corner of Crenshaw Boulevard and 30th Street, where the Mid-Wilshire-based firm has secured approvals to build a three-story building containing approximately 87,000 square feet of office space with 1,750 square feet of ground-floor retail. Plans also call for 326 parking spaces in a new four-story garage with one subterranean level.
Abramson Architects is designing the contemporary low-rise building, which will include 14-foot-high ceilings and large open spaces such as a communal outdoor deck, a street-level courtyard, and outdoor patios on the first and third floors.
A leasing brochure for the property argues that the offices building will be located at a high-profile intersection - and within a qualified opportunity zone - potentially making it a fit for technology, financial services, and creative industry companies.
Completion of the development, named for its address at 2922 Crenshaw Boulevard, is on pace to occur in late 2022, according to a landing page on the CIM Group website.
The development site, located three blocks north of Metro's Expo/Crenshaw Station, is one of a handful of new office developments in the works for surrounding properties. A few blocks away on Exposition Boulevard, the Luzzato Company broke ground last year on a similar 94,000-square-foot complex which will reportedly become the new headquarters of fast-casual restaurant chain Sweetgreen.
New housing projects are also in the works near the Metro stop, including the Expo Walk townhomes and the Crenshaw Crossing development, which would build 401 apartments - more than half set aside at below market-rate rents - on Metro- and Los Angeles County-owned properties.
While plans for offices at 30th and Crenshaw may be moving forward, CIM was forced to step away from another project located miles south. Last year, following pushback from community activists who have accused the developer of spurring gentrification in West Adams, CIM backed out of an agreement to purchase the Baldwin Hills Crenshaw Plaza shopping center. The company had intended to convert the struggling mall into offices.
- CIM Group Plans Offices at 30th & Crenshaw (Urbanize LA)