While many office developers were off-site due to the soft-leasing market, Apple Inc. was building itself a splashing new office building on the border between Culver City and Los Angeles.
After excavating the underground garage, construction workers erected the crane and are building up on two expected to accommodate Apple TV streaming services and expanding its copper structure in Culver City.
Apple TV+ was launched in 2019 to “lay off,“Morning Show” and comedy “Ted Lasso”. In 2022, Apple becomes The first streaming media Win the Oscar for Best Picture for the Family Drama “Tail Cod”.
Rendering of Apple’s new campus in Culver City and Los Angeles.
(apple)
So far, Apple TV+ has not been profitable for the Cupertino-based company. News website information According to reports this month, Apple TV+ lost $1 billion a year.
But work on the new office campus shows Apple’s commitment to prestigious streaming services and its focus on the $3.37 million company.
An Apple spokesperson did not respond to a request for comment on the project.
apple Announcement of office development In 2021, it said it will build two tall five-story buildings, totaling more than 550,000 square feet. They will be surrounded by Venice, the State and Washington Boulevards through shared walls of multiple parcels located in Culver City and Los Angeles. The office will have an internal courtyard and is expected to have up to 2,400 employees.
The parcels have been previously occupied by small retail and light industrial buildings, but in recent years, the community near the Metro Line E station in Culver City has been remodeled through new offices, residential and hotel projects.
“Culver City is one of the most active office environments in the whole of Los Angeles,” said Jeff Pion, a real estate agent at CBRE.
Cranes at Apple’s new building site lifted Helms Bakery on Venice Avenue in Los Angeles.
(Myung J. Chun/Los Angeles Times)
Among the high-profile technology and entertainment businesses there are Apple, Sony Pictures Studios, Amazon MGM Studios, Tiktok, Technicolor and Techicolor and The Beats Electronics, Apple’s subsidiary.
The close neighbors of the upcoming Apple office include Ivy StationIt’s a $300 million residential, hotel and office building with anchor office tenants being HBO.
Next door is the historic Helms Bakery Campus, a former bakery dating back to the 1930s and now has furniture and design shops as well as restaurants.
Walter N. It is also close to Highway 10.
Apple said it will provide commuting assistance to employees, including shuttle buses and support services for cyclists.
Max said it will add another activity to the community when Apple development is completed in about two years.
“We are an island,” he said of the Helms Bakery, which stopped making bread in 1969.
