Called “Corporate Pointe Tower,” the newproject will be built at 700 Corporate Pointe within the1.6-million-sf, eight building Corporate Pointe campus, which islocated just off the 405 Freeway. According to David Saeta, seniorvice president of IDS, the company acquired the property at the endof 2007 and has secured all entitlements and approvals for theclass A tower, which will be designed to LEED Silver standards byGene Watanabe of Gensler. No date has been set for construction ofthe project.

Saeta cites the Lower Westside submarket as "one of the mostdynamic real estate submarkets in Southern California with over $2billion in capital committed to projects within one mile ofCorporate Pointe." Among them is Westfield’sone-millionsf Culver City Plaza shopping center, which is currentlyundergoing a $188 million expansion and renovation including332,600 sf of new restaurants and shops.