W3 at Water’s Edge (SPF:architects)
The new Water’s Edge campus in Playa Vista won’t have an ocean view, but tenants may feel like they are walking on water.
Newly released renderings of the project’s third building from SPF:architects, which is designing the project, portray a modern structure with a “floating” building exterior that will allows natural light to permeate the building. It will have four levels of parking, two of which are underground, and another four levels of open workspace.
Amenities will include a “sky garden,” or shaded terrace, as well as a synthetic grass field located at the center of the three buildings.
SPF won approval last month for a $54 million construction permit to build the 160,000-square-foot property, The Real Deal previously reported. The entire project is expected to cost about $80 million, according to a press release.
Shortly after paying $190 million to acquire a two-building office campus, Rockwood Capital set in motion plans to develop a third building on the complex.
McCarthy Building Companies is the contractor on the project, which is estimated to be completed by April 2020.
Located in a prime section of Silicon Beach, the 260,000-square-foot campus was originally constructed by Maguire Partners and DivcoWest. The joint venture sold the 6.5-acre site, as well development rights to the third building, to Rockwood in October for roughly $735 per square foot. It’s currently leased to Electronic Arts, L.A. Fitness, Popchips, Doner and Pop Media Group.
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