CULVER CITY, CA-IDS Real Estate Group plans a $115 million office tower on a 3.3-acre site that the Los Angeles-based developer has acquired at the Corporate Pointe office campus. The project will be a 12-story, 277,607-sf tower that will be designed to meet what IDS calls “a burgeoning demand from companies desiring an affordable Westside Los Angeles presence.”

Called “Corporate Pointe Tower,” the new project will be built at 700 Corporate Pointe within the 1.6-million-sf, eight building Corporate Pointe campus, which is located just off the 405 Freeway. According to David Saeta, senior vice president of IDS, the company acquired the property at the end of 2007 and has secured all entitlements and approvals for the class A tower, which will be designed to LEED Silver standards by Gene Watanabe of Gensler. No date has been set for construction of the project.

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