Kilroy Realty Corporation Unveils Design Plans for Its Academy Project in Hollywood
2014年6月20日 - 6:36AM
ビジネスワイヤ(英語)
Kilroy Realty Corporation (NYSE: KRC) unveiled plans for
its 475,000-square-foot creative media mixed-used office campus
near Sunset and Vine in Hollywood, California. The company acquired
the site from The Academy of Motion Pictures Arts and Sciences in
the fourth quarter of 2013.
Encompassing a full city block bounded by Vine Street, DeLongpre
Avenue, Ivar Avenue and Homewood Avenue, the low-density office
campus -- with approximately 40 percent of the four-acre site
dedicated to open space -- will feature three four-story cutting
edge creative office buildings and a 23-story residential tower.
Pulling the energy from nearby Sunset and Vine, the project will
open up at Vine and DeLongpre, with a large public gathering area
that will feature public art and the majority of the development’s
20,000 square feet of street level retail.
The project is designed to accommodate an entertainment, media
and technology user base and will have maximum flexibility for both
small and large space requirements with a particular focus on
creating a collaborative community environment, according to KRC’s
Executive Vice President, David Simon, who unveiled the plans at
the Hollywood Economic Development Summit.
“Successful and responsible development is the intelligent
response to the cries of the market,” said Mr. Simon. “Hollywood
has long suffered from the shortage of quality Class A office
space, especially the highly functional and adaptive space that
offers a unique sense of place and connection to the neighborhood.
This lack of inventory contributed to many firms relocating to the
Westside and elsewhere over the past decade. This project, and
others like it, such as Columbia Square, addresses that void and
will be another contributing driver to the renewed interest and
vigor we are now seeing in Hollywood.”
The largest of the three office buildings, ranging in size from
76,000 to 100,000 square feet, is inspired by the historic
mid-century bow trussed buildings that are in high demand by
today’s creative office user. All three office structures are
terraced to make a dramatic transition to the street and contribute
to the human scale of the property. The buildings’ cascading design
also allows KRC to offer tenants their own personal identity space,
each with private entrance and outdoor meeting areas.
A 23-story residential tower anchors the northwest corner of the
campus. The buildings are connected by a series of landscaped
passageways that run through the center of the campus. “The overall
design encourages the ‘creative collision’ of people, whether they
are in their offices, on their private decks or the many other
public landscaped outdoor spaces within the project,” said design
architect Joey Shimoda of Shimoda Design Group. House Robertson is
the executive architect. The office development will be built to
meet LEED Gold certification. Construction is expected to begin the
first quarter of 2016.
About Kilroy Realty Corporation. With more than 65 years’
experience owning, developing, acquiring and managing real estate
assets in West Coast real estate markets, Kilroy Realty Corporation
(KRC), a publicly traded real estate investment trust and member of
the S&P MidCap 400 Index, is one of the region’s premier
landlords. The company provides physical work environments that
foster creativity and productivity, and serves a roster of dynamic,
innovation-driven tenants, including technology, entertainment,
digital media and health care companies.
At March 31, 2014, the company’s stabilized portfolio totaled
13.3 million square feet of office properties, all located in the
coastal regions of greater Seattle, the San Francisco Bay Area, Los
Angeles, Orange County and San Diego. 41% of the company’s
properties were LEED certified and 55% of the eligible properties
were ENERGY STAR certified. In addition, KRC has approximately 2.5
million square feet of new office development under construction
with a total estimated investment of approximately $1.5 billion.
More information is available at http://www.kilroyrealty.com.
Forward-Looking Statements. This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are based on our current expectations, beliefs and
assumptions, and are not guarantees of future performance.
Forward-looking statements are inherently subject to uncertainties,
risks, changes in circumstances, trends and factors that are
difficult to predict, many of which are outside of our control.
Accordingly, actual performance, results and events may vary
materially from those indicated in forward-looking statements, and
you should not rely on forward-looking statements as predictions of
future performance, results or events. Numerous factors could cause
actual future performance, results and events to differ materially
from those indicated in forward-looking statements, including,
among others, risks associated with: investment in real estate
assets, which are illiquid; trends in the real estate industry;
significant competition, which may decrease the occupancy and
rental rates of properties; the ability to successfully complete
acquisitions and dispositions on announced terms; the ability to
successfully operate acquired properties; the availability of cash
for distribution and debt service and exposure of risk of default
under debt obligations; adverse changes to, or implementations of,
applicable laws, regulations or legislation; and the ability to
successfully complete development and redevelopment projects on
schedule and within budgeted amounts. These factors are not
exhaustive. For a discussion of additional factors that could
materially adversely affect our business and financial performance,
see the factors included under the caption “Risk Factors” in our
annual report on Form 10-K for the year ended December 31, 2013 and
our other filings with the Securities and Exchange Commission. All
forward-looking statements are based on information that was
available, and speak only as of the date on which they are made. We
assume no obligation to update any forward-looking statement made
in this press release that becomes untrue because of subsequent
events, new information or otherwise, except to the extent required
in connection with ongoing requirements under U.S. securities
laws.
Kilroy Realty CorporationTyler H. RoseExecutive Vice President
and Chief Financial Officer310-481-8484orMichelle NgoSenior Vice
President and Treasurer310-481-8581
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