The media company seeking to build a massive office and entertainment complex at the intersection of Sunset Boulevard and Highland Avenue in Hollywood has finished assembling its development site with a $44 million acquisition.

View from rooftop deck at CMNTY Culture CampusHKS

CMNTY Culture, founded by music producer Philip Lawrence and business manager Thomas St. John, began its project last year by acquiring a parcel at 6767 W. Sunset Boulevard for $9.1 million. The company recently closed on a $44 million purchase of three remaining parcels at the project site, according to a release from Parkview Financial, which provided financing.

“This loan provided Parkview Financial the opportunity to finance a land assemblage on one of the most visible corners in Hollywood at Sunset and Highland,” said Parkview founder and chief executive officer Paul Rahimian in a news release. “Over recent years, media, tech, and entertainment companies have continued to intensify their presence in Hollywood and we believe this well-conceived and architecturally stunning project can be a competitive product offering in this market.”

Designed by HKS and landscape designer Hood Design Studio, the proposed CMNTY Culture Campus would feature

  • 50,000 square feet of music studio/production space
  • 430,000 square feet of creative office space
  • 4,400 square feet of retail space
  • 10,000 square feet of artist hospitality space
  • 10,000 square feet of education and performance space
  • 500-seat outdoor performance venue

View of CMNTY Culture Campus looking northeast from Sunset and HighlandHKS

Plans also call for an open-air terrace deck at the building's fifth floor.

The proposed 13-story development is expected to cost more than $500 million. A construction timeline has not been announced.