If you're tired of all that motion picture Academy news, try out a little Recording Academy action--it's even got a little transit-adjacency: the former Santa Monica home of the group that throws the Grammys has been sold to developer Trammell Crow and investment firm Westport Capital Partners, along with two adjacent residential lots. The site, which includes one 39,128 square foot office building, sits on Pico at Santa Monica's eastern border, a few blocks from a future Expo Line stop and pretty much on top of the 10 Freeway. It's been vacant since the RA left in 2009. The Santa Monica Daily Press reports that the new owners "will possibly develop housing to compliment the existing office space, which could be re-imagined to suit Internet start ups, post production houses or other creative uses." A rep for the Santa Monica Chamber of Commerce says she hopes it'll be a "gateway project" for the city and reactivate a part of SaMo that suffered when the Recording Academy left. Sources say the new buyers paid $10.5 million for the two and a half acres. Trammell Crow is also behind the condo project at Ocean Ave. and San Vicente in Santa Monica.
· Former Grammy headquarters sold [SMDP]
Filed under:
Loading comments...