The property is located on the 4000 block of SepulvedaBoulevard, at the southeast corner of Washington and Sepulveda, andis surrounded predominately by retail and commercial propertiesalong Sepulveda and Washington. The auto dealership has closed andthe northern portion of the property is now occupied by See'sCandies, which is operating a holiday shop there through the end ofthe year.

Since Bomel has only recently acquired the property, it is tooearly to determine the specifics of the project or whenconstruction might begin, Firtel says. Firtel tells GlobeSt.comthat Bomel wants to work closely with the City of Culver City aswell as the local residents to design a final site plan thataddresses the needs of the residents, meets the desires of the cityand maximizes usage of the property. "We have a great amount offlexibility, given the site's intangibles, and are confident we candesign a project that serves as a catalyst for the entire area,"Firtel adds.

Bomel saw enormous potential in the site because of itslocation, size and visibility. It has 400 feet of frontage alongSepulveda, 150 feet along Washington and a depth of between 150 and300 feet.