CMNTY Culture, led by Grammy winning producer Philip Lawrence and business manager Thomas St. John, announced plans last week to redevelop a two-acre site at the northeast corner of the intersection with a 500,000-square-foot mixed-use complex dubbed the CMNTY Culture Campus.
- 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
Additionally, plans call for an open-air terrace deck at the building's fifth floor.
“The entertainment industry is experiencing a time of unparalleled excitement and change, bringing about an opportunity to reimagine the landscape upon which content is created and consumed,” said Lawrence, owner of the Record Plant, in a statement. “Now, we live in a new era where creatives and their audiences seek opportunities to collaborate and interact, not just in the digital sphere, but in-person. Content creators need a physical epicenter, a place that celebrates their work and the power of community. CMNTY Culture Campus will be a place where creative people will want to hang out with like-minded individuals and experience something special.”
The campus is billed as a "first-of-its-kind development," and one of the largest Black-owned enterprises in the Hollywood community.
The Los Angeles Times reports that the project is budgeted at $500 million, and would feature buildings up to 13 stories in height, as well as parking for more than 1,000 vehicles. A precise timeline for CMNTY Culture Campus has not been announced.
The project joins a number of large office complexes envisioned for the stretch of Sunset Boulevard between Highland and the US-101 Freeway, including the neighboring Crossroads Hollywood development, which reportedly secured $485-million in construction financing for a mix of offices and production space in late 2021.
- Hollywood (Urbanize LA)