New Six Story Culver City / Palms Mixed Use

Posted December 4, 2014

In Apartments, California, Commercial, development, Los Angeles, net lease, nnn, Retail, Santa Monica

Better late than never is the story with this new ground floor net leased retail mixed use building with 131 apartment units above. It’s on the northwest corner of Washington Blvd and Hughes Avenue in Palms, bordering Palms and Culver City.

Developed by NMS Properties with Architects Killefer Flammang in Santa Monica. The building will feature 12,500 square feet of ground floor retail with a 131 market rate one, two and three bedroom luxury units above complete with fitness center, community lounge and theater, just like all the rest of what’s getting built.

This West Los Angeles mixed use retail / residential building was approved back in 2012 and was originally to be completed in spring of 2014, but that slipped to just opening in 2014. Now it’s sometime in 2015.

They’re likely very busy given that they have 38 apartment communities in Southern California http://www.nmsproperties.com/Apartments/module/properties/

It’s all good though because the one thing we desperately need in Los Angeles, and especially West Los Angeles, is more apartments to keep a bit of a lid on rents.

Net Leased Retail, NNN Property

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