A 1980s stone and concrete office building in Los Angeles was transformed last year into a modern office space.
McCarthy Cook & Co., based in Costa Mesa, California, and Northwood Investors, based in Denver, redeveloped the 11355-11377 W. Olympic Blvd. property into 490,000 square feet of office and 15,000 square feet of retail along with a 65,000-square-foot rooftop deck. The project was selected as the winner of a CoStar Impact Award for the redevelopment of the year in Los Angeles after being selected by a panel of local industry professionals.
The revitalized property has a private rooftop space with a sports court, private cabanas, audio-visual setups, a workout lawn and a beer garden with beer and wine taps. Lumen also has an on-site fitness center for employees, although the office has yet to land its first tenant.
Beyond the rooftop and fitness center, the property also has a water-reclamation system, UV air filter, solar panels, bicycle parking and electric vehicle charging stations. The building's floors are connected vertically through bridges and horizontally with stairs so workers can get around the campus easier.
The high-end office space is expected to attract major media, entertainment and tech companies with its roughly 55,000-square-foot floor plates. Lumen also is near numerous shops and popular restaurants, adding to the building's appeal.
About the Project: The 10-story Lumen office project was a redevelopment of a 1980s office building into a modern working space with a massive, 65,000-square-foot rooftop deck.
What the Judges Said: "Lumen took an obsolete space and really turned it into something impressive," said Stephen Anderson, vice president of acquisitions of SoLa Impact. "Hopefully, they can fill it."
"This was a transformative redevelopment that alters the skyline and neighborhood," added Marc Rasmussen of Link Logistics Real Estate.
They Made It Happen: McCarthy Cook & Co.'s Thomas McCarthy, Addison Kerr, Dewain Campbell, Mike Coppin, Stephen Campion and Andrew Person were involved in the project. Northwood Investors' Brady Thurman, Troy Tettleton and John Kukral were also involved in the project.
