Expansive offices are increasing for Apple at Culver City

At a time when many office developers are on the sidelines due to the smooth rental market, Apple Inc. is on the right track on the construction of a new complex of Spishhy offices on the border of Culver City and Los Angeles.

With the excavation for a completed underground garage, the construction teams have erected cranes and are built up on two bronze color structures which should house Apple TV streaming service and extend its presence at Culver City.

Apple TV +, launched in 2019, is known for television shows such as “Severance”, “The Morning Show” and the comedy “Ted Lasso”. In 2022, Apple became the first streamer to win an Oscars for the best film for the family drama “Coda”.

Apple TV + is not yet profitable for the company based in Cupertino. Information site The information indicated this month that Apple TV + lost $ 1 billion per year.

But work on the new office campus suggest that Apple is attached to the prestigious streaming service and to the attention it gives to the company of $ 3.37 billion.

An Apple spokesperson did not respond to requests for comments on the project.

Apple announced the development of offices in 2021, saying that it would erect two buildings of average height as high as five floors with a total of more than 550,000 square feet. They will be connected by a wall shared on several plots of ass City and Los Angeles surrounded by boulevards National and Washington. The offices will have an interior courtyard and should house up to 2,400 employees.

The packages were previously occupied by small industrial and light industrial buildings, but the district near the E line from Metro in Culver City has been transformed in recent years with new office, residential and hotel projects.

“Culver City is one of the most dynamic office environments in Los Angeles,” said CBRE CBRE real estate broker Jeff.

Among high -level technology and entertainment companies, there is Apple, Sony Pictures Studios, Amazon MGM Studios, Tiktok Inc., Technicolor and Beats Electronics, an Apple subsidiary.

Neighbors close to the upcoming apple offices include Ivy Station, a 350 million dollars residential complex, hotel and office where the tenant of the anchor office is HBO.

Next to it is the historic campus of Bakery Helms, an old bread factory dating from the 1930s which now houses furniture and design stores and restaurants.

Walter N. Marks III, whose family has had the Helms property for decades, said that one of the main calls from the Apple site is its accessibility in transit with the station and the bus service on Venice and Washington Boulevards. It is also close to Highway 10.

Apple said it would provide turnips to employees, including shuttles and support for cyclists.

When Apple’s development is finished in about two years, he will add another activity photo to the neighborhood, said Marks.

“We have been an island for a long time,” he said about the Helms bakery that stopped bread in 1969. “Obviously, bringing more people here is a good thing.”