LOS ANGELES—Kilroy Realty has unveiled plansfor its 475,000-square-foot mixed-use officecampus on the former Academy of Motion Pictures Arts andSciences lot on Sunset and Vine. Kilroy purchased the sitelate last year, and plans to break ground on the project in early2016.
Sitting on four acres and a full city block, the property willhave three, four-story office buildings, a 23-stoymultifamily building and 20,000 square feet ofground floor retail space. According to Kilroy EVPDavid Simon, the property will help to fill a voidof class-A office campuses in the Hollywood market, just likeKilroy's similar $380 million office development nearby, ColumbiaSquare.
The three office buildings range in size from 76,000 to 100,000square feet. Kilroy will target technology, entertainment and mediacompanies to occupy the property, which has a “cascading design toallow tenants to develop a personal identity. The three buildingsare terraced and have private entrances and outdoor meeting areas.The multifamily property will anchor the northwest corner of thecampus and connect to the office properties through a series oflandscaped pathways.
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