The building, called W3, contains four floors of office space and two levels of parking, and Nike has already signed on to rent two floors. (There are two additional levels of parking underground.)
It will be wrapped in an eye-catching aluminum skin intended to mute the “full brunt” of the building’s largely glassy exterior, the architects have said.
The $80 million project broke ground in April 2018 and is expected to be complete in May. McCarthy Building Companies is constructing the W3.
The three-building Water’s Edge is a 6.5-acre campus at Jefferson and Lincoln, not far from the Ballona Wetlands.
Even as streaming media companies like Netflix and Amazon’s entertainment arms find homes in Culver City and Hollywood, tech-heavy Playa Vista continues to be an in-demand spot for office space, although CBRE broker Jeff Pion told the Los Angeles Times last year that Water’s Edge was basically the last development site in the neighborhood.
Developer Rockwood Capital, in partnership with Marshall Property Development, bought the whole Water’s Edge complex in February 2018 for $190 million, according to the Los Angeles Business Journal.