Lendlease and joint venture partner Aware Super closed on $316 million in construction funding for Habitat.
Habitat, designed by SHoP Architects and Steinberg Hart, will feature a, a six-story creative office building with over 253,000 square feet of space. The project also boasts a one-acre integrated park space designed to enhance the urban environment, offering a blend of professional and personal well-being for residents and workers alike. Habitat offices will feature 50,000-square-foot floor plates with 14-foot heights, natural light and terraces.
One of the standout features of Habitat is its commitment to sustainability. The development is designed to achieve net-zero carbon emissions, incorporating a solar array and extensive EV parking to reduce its environmental footprint. Lendlease’s emphasis on environmental stewardship aligns with the City of Los Angeles’ broader goals for green growth, positioning Habitat as a model for future urban developments.
Los Angeles-based landscape architecture firm RELM designed Habitat’s network of parks and walking trails, which include both secluded seating areas and communal gathering spots. The integrated acre of open space connects the two terraced buildings with surrounding amenities, promoting a healthy lifestyle with a strong connection to nature.
Habitat is committed to achieving net-zero carbon in construction and operations, featuring a 125kW solar array, 64 electric vehicle parking spots, 222 secured bike parking spaces, natural ventilation, and lower-carbon concrete. Lendlease aims for LEED Gold certification for the residential building and targets making the commercial building the first new creative office in Los Angeles to achieve LEED Platinum.
Lendlease secured funding from Barings and Counterpointe Sustainable Real Estate. The firm previously worked with Barings on financing for Claremont Hall, a 41-story condo tower in New York. Counterpointe said it provided $156 million of C-PACE financing on the project.
