Legislation Details

File #: HIST-18603    Version: 1 Subject:
Type: Historical Status: Joint Consent
In control: City Council Meeting Agenda
On agenda: 1/30/2012 Final action: 1/30/2012
Title: JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Approval of a Commitment Letter with Lab Holdings LLC for the Sale and Redevelopment of City Owned Property at the Northerly corners of the Washington Boulevard and Centinela Avenue Intersection
Attachments: 1. JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGEN - J-1__12_01_30__CDD_ Washington-Centinela Comittment Letter-FINAL.pdf, 2. JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGEN - J-1_12-01-30_ATT_CDD_Washington Centinela.pdf
City of Culver City, California Agenda Item Report Meeting Date: 01/30/12 Item Number: J-1 JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Approval of a Commitment Letter with Lab Holdings LLC for the Sale and Redevelopment of City Owned Property at the Northerly corners of the Washington Boulevard and Centinela Avenue Intersection Contact Person / Department: Joe Susca/CDD Todd Tipton/ CDD Phone Number: (310) 253-5763 (310) 253-5783 Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No [] Public Hearing: [] Action Item: [X] Attachments: [X] Commission Action Required: Yes [] No [X] Date: _______________ Public Notification: (E-Mail) Meetings and Agendas – City Council; (E-Mail) Redevelopment Agency Projects (01/27/12); (E-Mail) Meetings and Agendas – Redevelopment Agency (01/27/12); (E-Mail) The Advisory Committee on Redevelopment (01/12/12); (E-Mail) Members of the public who attended the August 20, 2011 Open House and August 31, 2011 community meeting and/or pulled speaker cards on the topic (01/12/12); The Culver West Neighborhood Association (01/12/12); (E-Mail) The Herbert Street Homeowners Association (01/12/12); (E-Mail) The Culver Triangle Neighborhood Association (01/12/12); (Newspaper) A public notice was published in the January 19 and 26, 2012 editions of the Culver City News; (U.S. Post) A public notice was mailed to businesses, residents, and property owners in excess of a 500’ radius of the site (01/12/12); (E-Mail) Lab Holdings LLC and Red Barn/Regency Centers (01/26/12). Department Approval: Sol Blumenfeld: (01/25/12) City Attorney Approval: Carol Schwab (by H. Baker) (01/25/12) Agency General Counsel Approval: Murray Kane: (01/25/12) Chief Financial Officer Approval: Jeff Muir (01/26/12) City Manager/Executive Director Approval: John M. Nachbar (01/26/12) RECOMMENDATION: Staff recommends the City Council approve a Commitment Letter with Lab Holdings LLC for the sale of City owned property located on the northeast and northwest corners of the Washington Boulevard and Centinela Avenue intersection (Property) pursuant to Section 33433 of the California Health and Safety code for development of a Market Hall.|1010| BACKGROUND: In 2007, the Culver City Redevelopment Agency (Agency) acquired the Property, relocated business and residents that had resided on the site, demolished existing improvements, and performed ground water remediation in anticipation of development at a cost of $12,831,000.|1010| The Property is approximately 72,758 sq. ft. in area. City of Culver City, California Agenda Item Report On June 27, 2011, the City Council/Agency Board approved redevelopment of the Property as a 33,250 sq. ft. Market Hall with specialty retail, artisanal food vendors selling products such as cheeses, charcuterie, baked goods, confections, wine and locally grown produce in a unique, attractively designed market hall (Market Hall)|1010|. The Market Hall concept will be a character defining feature of the area and will culminate efforts of the City Council/Agency Board to improve the westerly portion of Washington Boulevard. The Market Hall design was discussed with the community during numerous meetings and has been embraced as the preferred project. On September 26, 2011, the City Council/Agency Board authorized issuance of a Request for Qualifications (RFQ) to solicit developers for the Market Hall and a Request for Proposals (RFP) to secure a firm to design the Parking Structure to meet the Market Hall’s parking needs and to provide additional public parking spaces for patrons of surrounding businesses.|1010| The RFQ was sent to nine developers and on November 9, 2011 proposals were received from Red Barn in partnership with Regency Centers (Red Barn) and Lab Holdings LLC. The developers were evaluated and determined to be qualified by staff and both were invited to respond with a proposal. (See Attachment No.1) DISCUSSION: The Supreme Court of California upheld AB X1 26 on December 29, 2011, eliminating redevelopment agencies statewide effective February 1, 2012. Staff proceeded with an abbreviated process to select a developer for Washington/Centinela and issued a letter requesting land offers and confirming whether the developers were willing to construct the thoroughly vetted Market Hall plans prepared by the City to study development of the site as described in detail in the RFP/RFQ process. (See Attachment No. 2) The City will design and construct the related 217-space public parking structure at City expense to accommodate project and commercial area parking needs. The City would retain ownership of the parking garage and process a parcel map to establish ownership of the private Market Hall and the public garage. In addition to providing code required parking for the Market Hall, the garage includes 47 additional public spaces. Staff determined that the Lab Holdings offer was superior. A January 19, 2012 appraisal valued the Property at $4,710,000. Lab Holdings Commitment Letter: The proposed Commitment Letter with Lab Holdings includes the following terms: City of Culver City, California Agenda Item Report 1. A land offer of $1,278,950, plus an additional $1,134,000 (a total of $2,212,950) for the following costs: a. $684,000 for offsite improvements including neighborhood traffic calming measures (See Attachment No. 3); and b. $250,000 for aerial utility relocation related to the 217-space parking garage and Market Hall; and 2. Agrees to construct the Market Hall as outlined in the RFP and agrees to hire JRDV Architects, the firm who prepared the conceptual plans and preliminary design studies. 3. Provides 47 additional parking spaces for community commercial parking. 4. Lab Holdings agrees to pay prevailing wages for construction of the Market Hall and parking garage. Keyser Marston Associates (KMA) believes Lab Holdings land offer is reasonable due to the inclusion of the extraordinary costs noted above, because the high-end design carries significant cost premiums and because Lab Holding’s proposal assumes lower per square foot revenues than the KMA analysis. KMA believes the lower per square foot revenues are reasonable due to Lab Holding’s experience with retail leasing for this type of development. FISCAL ANALYSIS: Approximately $5 million in tax-exempt bond proceeds will be used to construct the 217 space public parking garage. The City will receive one-time land sale proceeds in the amount of $1,278,950. In addition to land sale proceeds, the General Fund is anticipated to receive $63,000 annually from sales tax, business gross receipts tax, and utility user’s taxes. ATTACHMENTS: 1. Proposals by Developers 2. Letter To Qualified Developers 3. Off-Site Public Improvements 4. Commitment Letter 5. Summary Report Pursuant to Section 33433 of the California Health and Safety Code. 6. Public Notices MOTION: That the City Council: City of Culver City, California Agenda Item Report 1. Approve a Commitment Letter with Lab Holding LLC for the sale and subsequent development of the northerly corners of the Washington Boulevard and Centinela Avenue intersection for construction of a Market Hall project; and 2. Authorize the City Attorney and City Special Counsel to review/prepare the necessary documents; and 3. Authorize the City Manager to execute the Commitment Letter on behalf of the City, and to issue interpretations, waive provisions, enter into amendments on behalf of the City, and to sign all such other documents and instruments necessary to implement and carry out the agreement on behalf of the City in such form as is reasonably acceptable to the City Manager. NOTES: |1010|The Agency and the City entered into a Cooperation Agreement dated January 15, 2011, as amended on February 22, 2011 and March 7, 2011 (collectively the “Cooperation Agreement”). In furtherance of the Cooperation Agreement and to achieve important public purposes, the Agency has conveyed the Washington/Centinela property and other Agency-owned properties to the City and has transferred the Agency’s cash accounts to the City to carry out the duties and obligations of the Agency (without resulting liability to the City), devoid of relieving the Agency of its duties and obligations to fulfill the goals and objectives of the Redevelopment Plan for Component Area No. 4. |1010|Through an Agency agreement, Shell paid 100% of the cost to clean up the groundwater and soil contamination. The L.A. County Regional Water Quality Control Board subsequently issued a Polanco Redevelopment Act Closure Letter that provides immunity from liability to the Agency and any subsequent buyer of the property. The northeast corner is now clean and ready to be developed. |1010|The Project is comprised of two sites of similar design that are constructed concurrently: Site A: A market hall with high ceiling and/or mezzanine space comprised of approximately 21,250 square feet of building area on a 31,422 square feet parcel with public plaza frontage. The remaining 21,600 sq. ft. will remain City property to construct the public parking structure. Site B: Additional high ceiling and/or mezzanine market hall or other related retail/restaurant uses comprised of 12,000 square feet of building area on a 19,736 square feet parcel with public plaza frontage. |1010|In order to address the high cost of Project parking, staff and the Agency’s financial consultant, Keyser Marston Associates (KMA) recommend constructing an above grade parking structure at the rear of the northwesterly site. KMA further believes the parking structure must be funded by the Agency in order to make the Project financially feasible due to the soft retail and restaurant markets, recovering financial markets and excessive cost to construct subterranean parking. MEETING DATE: 01130/12 AGENDA ITEM: CITY COUNCIL AGENDA ITEM: Approval of a Commitment Letter with LAB Holdings LLC for the sale of City owned land located on the northerly corners of the Washington Boulevard and Centinela Avenue intersection for development of a Market Hall. ATTACHMENTS Item Description Pages 1 Proposals by Developers 1-29 2 Letter to Qualified Developers 30-31 3 Off-Site Public Improvements 32 4 Commitment Letter 33-38 5 Summary Report Pursuant to Section 33433 of the 39-49 California Health and Safety Code 6 Public Notices 50 LAB HOLDING, LLC January 12, 2012 Sol Blumenfeld Community Development Director City of Culver City 9779 Culver Blvd. Culver City, CA 90232 Re: Washington Centinella Markethall Dear Mr. Blumenfeld, Thank you for the opportunity to participate in this exciting project. As you are aware, we are currently completing a Similar food hall type project in Anaheim. Our experience with design, operational logistics and tenanting will dovetail perfectly with the Culver City project- are fully ingrained with the culinary community that will populate this project and are prepared to immediately execute the City's vision here. " As outlined in our previous submittal, we believe LAB Holding is uniquely qualified to implement this type of unique development and have a proven track record of doing so. We understand that if selected we will be asked to serve as the fee developer for the City's portion of the project which will include the public parking structure and associated site amenities/utilities and will develop the remaining Market Hall as a private development We have had discussions with JRDV Architects and are clear on the program that the City wishes to see developed here and it is our intent to develop the Market Hall as required by the City on this property. Our experience onthe Packing House in Anaheim has served as a model for our consideration of unique infrastructure needs, health department requirements and other construction items that will ultimately lead to a successful operation here. Our financial model takes these items as well as the current tenanting environment into account. Based on our assumptions, we can execute a plan to create a long- term sustainable asset for your community. We are prepared to offer $1,278,950 for the private portion of this site. Thank you for your consideration. We look forward to further discussion with you. Chris Bennett Director of Development Noveitther 2011 Thank you liw the tipporturrity to enter into initial discussion on the potential for this unique site., Sincerely, Dear Culver City Projett Selection Committe: The: cavo : City Maikethall project offers exactly the opportunitis our company thrives upon: iconia structures central for inspiration ;. an architectural challenge to mix infill orgartiCallymTith: new use:0,i , flelifnatuml environment in which to organize and plan a thriving community center as well aS :Via* aid coMplithetgary retail reSident0, Our resume shows we are passionate about cornbining 'itomniunity. taittte 'dog tOttiMerce" and creating places of gathering, respectful of existing busi- nesses and residenealneikhbothOod0. As "specialty" devekl.nrs, we specifically target creative chal, leriges- and:•;:tcrept: only projects that :oitow a long term coml.-film-Lent to nurture and expand a project within the local cornmur3ity. We are well acquainted with the unique environment and culture of Culver City, I am proud fo introduce our tean3,- present our experience, independent financial strength, as well as our initial thoughts i:lbottt.developtnent for this Mar.ket Fla I Chris Bennett LAB liolding, LLC LAB Holding, LLC team (LAB) , is uniquely qualified to envision, design, construct, program and operate the proposed 1Vlarke- thall project. With over 20 years experience in innovative retail and commercial real estate, our success includes world renown retail centers, infill development and planned eco friendly urban mixed use projects with both restaurant and residential components. Most impor- tantly, we are experienced in the long term operation and on-site, hands-on management of all our projects. This is an important commitmentto ourtenantswhich also reinforces community rela- tionships and supports organic commercial growth. Apart from any other developer, our experience encompasses creating new business concepts, developing innovative venues, and combining these opportunities with respected local opera- tors for sustainable, growth-oriented seed businesses. This is a revol utionarydeparturefrom formula in the commercial develop- ment field where homogenized centers are built with national mall chain tenants. The LAB team is in the business of specialization, customization and community building. The LAB'S history of creating unique specialty environments aligns well with the qualifications required by this one of a kind project. Our projects have remained true to the original vision, achieved commercial success and have all received criti- cal acclaim locally and internationally The Markethall Project requires a developer with experience with infill develoopment, city partnerships, creation of public spaces, community develop- ment and most importantly an ability to operate this project to ensure long term success. The LAB has a proven track record in each of these critical areas. Following is information on the proposed development team as well as brief descriptions of key projects which the LAB team envisioned, built and continues to operate and the similarities of these projects to the Markethall Project. The LAB team is currently wrapping up a similar project in Ana- heim in June 2012 and will be prepared to take on this new proj- ect if selected. pagel DE lopment Entity Full Legal Name: • LAB Holding, LLC The LAB team encompasses experience in taking vision- ary plans and seeing them through to completion as well as ongoing day to day operations. Our in-house team has established experience in both implementing and operat- ing projects similar to the Markethall proposal. Type: In addition to ourcore staff,the LAB team has formed invalu- able partnerships over the last decade with designers that • California Limited Liability Corporation bring a wealth of unparalleled talent to this project. This consolidated effort brings years of in depth experience Contact: with similar projects as well as firms renown both nationally and internationally. Chris Bennett 714.966.6661 Each member of our internal and consultant team has devel- oped a unique reputation of performance and implemen- tation and will ensure that this project is not only at the forefront creatively, but will be built with quality and in a timely manner. All noted "collaborators" are committed to the realization of the Culver City project via collaboration between their firms and the LAB. page2 4 SHAHEEN SADEGHI Principal, LAB Holding, LLC After almost 20 years building a highly successful career in the retail and fashion industry, most recently as President of Qui- ksilver (a $2 Billion global outdoor action sports and retail company trading on NYSE), Shaheen has taken his international mana- gerial and team building experience to an unconventional place. With years of experience throughout the Far East and Europe com- bined with his highly developed trend intuition, he has made waves in the arena of retail and commercial real estate by creat- ing highly successful niche marketing community centers. In the last decade he has conceived, built and continues to operate the revolutionary LAB retail project, CAMP green project, SoBeCa mixed use urban project among others. He has been a guest speaker at the Urban Land Institute, 'CSC, Ted Sell Conference, SIMA, Warnaco, Norte! Communications, the Quest organization, consultant for Fortune 500 companies such as General Motors, Volkswagon, McDonald's, Nestle, and ma nyothers. Hewas invited to a global multi-industrytrend symposium in Cap Ferret, France in 2005. Locally, he chaired the Bristol Overlay Committee, is currently a Chamber of Com- merce board member, consistently listed in "the 0.C.'s top 101" and the L.A. fashion industry's "Top 25", and recipient of the Hall of Fame award for Community Revitalization in Costa Mesa. Shaheen is a graduate of Pratt Institute in NewYork City, with a B.A. in design and has completed the Harvard Busi- ness School Executive Finance program in Boston. CHRIS BENNETT Director of Development, LAB Holding, LLC Chris's experience began while working for the RRM Design Group designing numerous master planned communi- ties throughout CA. Contingent to that work was the design of several downtown revitalization programs. Moving to TMC Chris oversaw teams of master planners, architects, engineers and landscape architects for the community projects of North Peak (500 acre) and Liberty (3000 acres). Since joining the LAB team, Chris has become instrumental in furthering our foray into mixed use projects and expanding liaisons with like minded creative City planning departments. page3 L' ,A SADEGHI COO, LAB Holding, LLC As a partner since the inception of the LAB organization, Linda has been instrumental in organically growing and supervis- ing the operational departments.This involves hiring and training specialty property managers, financial talent, marketing and community relations personnel. Over the last decade the LAB team has stood apart from conventional developers in cre- ative marketing, interfacing with local artisans as well as the communitythru custom oriented events, developing"branding" of a real estate product, innovative advertising and promotion. Through the last decade, im portant relationships have been nur- tured with banking and financial institutions to enable growth into additional markets. Linda draws from her 20 years in management positions with an international fashion sourcing, production and finance background, working for the likes of Catalina, Ocean Pacific, PCH, and for national accounts such as Federated Dept. stores and Neiman Marcus. Linda graduated Pratt Institute in New York with a B.A. degree in design. Linda and her team bring business savvy and solid financial relationships to support the operations and ongo- ing day to day functions of all our projects, along with the creative slant to maintain the integrity of our unique product. TRACY ANTOLIN CFO, LAB Holding, LLC With over 17 years in the financial field, Tracy brings a broad knowledge of business accounting expertise to the LAB team. Graduating from Cal State Fullerton with a BA in Accounting, Tracy served as Purchasing Manager, Admin. Mgr. as well as Controller before joining LAB Holding LLC as CFO. Tracy and her staff of accounting professionals ensure direct responsibility of property man- agement cash functions including collections, as well as budget creation and management for promotional funds, CAM expenses and reconciliations, as well as impound accounts. She is the contact person for outside financial consultants, financial planners and tax accountants. The CAMP Anaheim Packing District Description: Description: Retail project focused on healthy and eco living. Markethall project Lender and Amount: Lender and Amount: Greenwich Capital Financial- $9.45M Current projected cost- $20M Developer's Role: Role: The LAB team built and operates the CAMP. LAB will be operator/developer of this project The LAB Description: Retail project showcasing emerging talent in local fashion and art community. Lender and Amount: Countrywide Commercial- $10.4M Developer's Role: The LAB team built and operates the LAB. page7 Recognizing a trend toward healthy living and sensitivity to the environment, LAB Holding, LLC was far ahead of the curve when they pioneered a green retail center focusing on authentic and respected retailers specializing in products for outdoor enthusiasts. Unique in serving an emerging niche customer base, The CAMP opened as the first"green" shopping center of its' kind in urban Orange County in 2002, serving as both a focused retail campus and community educational center. Award winning architecture featu res include certified redwood, indigenous landscaping, stormwater percolation system, grass roof, herbal and rock sculpture gardens throughout. Customers can be certified in the dive pool, test mountain bikes recommended by racing pros, eat organic food within an authentic yurt, do"hot"yoga, buy hiking equip- ment with camping recommendations, purchase non-leather"vegan"shoes and share global cuisine and wine on the rooftop terrace. We believe the heart of any project is community interaction and The CAMP offers amenities such as chess tables beneath the grapevines,"CAMPfi re" musical performances on various open air stages, travel and educa- tional seminars, healthy cooking demonstrations,vintage trailer exhibition weekends,an organicfarmers market, and even a hammock beneath the redwood trees. We developed a site specific"Co-op Kiosk" public gallery, show- casing a rotation of local artisans who display photography, painting, ceramics, sculpture, jewelry and furniture design. Working with local colleges, we offer the annual IDEAS scholarship (Inter Disciplinary Enriching the Arts Scholarship) to encourage creative teamwork on outdoor installations incorporating community interac- tion. Beyond financial statements and 100% leased status,The CAMP project is a commercial and social success as demonstrated by national attention to its' unique focus on human powered sports, sensitivity to the environ- ment and day to day community interaction and education. PROJECT FACTS SIZE: approx. 60,000 sq.ft. LOCATION: Bristol St., Costa Mesa, CA DATE STARTED/COMPLETED: 2001- 2002 QUALITY OF DESIGN: Winner, 0.C. Top Architectural Award, 2003 Winner, Costa Mesa Most Prestigious Project Award, 2003 Indigenous gardens designed by Spurlock Poirier, of Getty Museum gardens fame RETAIL TENANTS: Adventure 16, Patagonia, Cyclewerks, Active Ride Shop, Humanitaire, Liburdi's Scuba Shop, Blankstyle, Bikram Yoga RESTAURANTS: Aire Global Cuisine, Old Vine Cafe, Native Foods GALLERIES: Co-Op Kiosk PROJECT VALUE: $95.5 Million WEBSITE: www.thecarnpsite.com page8 We will offer the following commonalities , kfound at the CAMP project to Culver City: sensitivity, tobuildinga"green"orientedprojectuseofindigenousland- scaping, creation of multiple, smaller venue public spaces, ' intimate open air stage areas for musical performances or seminars,open airfirepit seating, use of minimal and nate, ral sounds, multiple and non-competing retail uses, hand chosen and merchandised unique restaurants operated by local experts, co-op kiosk gallery, all focused on the primary audience of environmentally conscientious resi- ents. Natural materials and a series of intimate outdoor gathering spaces create a cairn relaxed environment. :gun- way In any given ye „ COiOr 01.3 i)ge tbe new capita.I c4 cool 1!1:: 1.,. n 1 - . 1; ME= • • • , • Li !•1 gr. ir*:: YOU -Bonk . I I • M1.11;:;:,: :!e:1:1 , .: F • 7.; E ! • e, - „ . . ',Or; •• n •• L, 1 ';',fik4 ' • i kk k0g. p. • • . . The Cam T1 ArtlFclles pagel 0 10 NUS FOE _ ISM MET:- The Camp: Capitalizing on Action d ri • I' • • 417xi, ••9 LI I Rt., Hi is. new :headquarters •• 1 r • • L :a 01 • Eq. ' f • • - ',TEM i t MI :1 ,?!.jr:oll • :19:: • r • • 75,10 .• 1:4 rm. Id. Idill...q11.11-13, .1.1411, : 101 I Ad, v, urn, In • 1. ,,•• n page11 The In 1991, in the midst of a national retail slump and Orange County bankruptcy, Lab Holding, LLC invented the concept of an "anti-mall"to serve urban youth dissatisfied with the homogenization of conventional malls. With the help of Pompei A.D. architectural design firm out of New York City, the LAB (an acronym for Little Ameri- can Businesses) retail center was born in 1993 out of the disarray of an abandoned military night goggle factoiy. Materials removed from the redevelopment were reconstructed as walls and planters throughoutthe propertyto create a"recycled"center. ltarose asa ground breaking indoor-outdoor venue of focused, complimentary non-chain retailers and custom designed restaurants to serve the demands of today's youth culture. Now nearly 15 years old, the LAB continues to garner international press for its'originality and focus, and boasts up to 51,200./sg.ft.. in retail sales just a short distance from South Coast Plaza, the most successful mall in the country with reported sales per sg.ft. of $850. (an "average" American mall would garner about $450./sg.ft.). The purposefully designed LAB"Living Room", an open air central courtyard, invites customers to"hang out"with music, magazine stand, community table, couches and serves as the "beating heart" of the center. Weekends often include musical performances, poetry readings and seasonal community events.Art installations and furni- ture design change reg ularlythroug hout the project, stimulating the senses of this young-at-heart customer base. This has included wall paintingsand poetrywritings, ceiling artinstallations, communitytable graphics, temporary sculptures, ongoing community art projects such as the "tile wall" or group collage events on the central prom- enade. An annual LAB CD compilation, featuring local musicians, is distributed free to LAB customers. LAB tee shirts and stickers are must haves. The LAB is a resounding success, both commercially as well as socially, as evidenced by sales per sg.ft., new tenant waiting list, and awards by local and state authorities for contributions to community revitalization as recently as April 2006. PROJECT FACTS SIZE: approx. 40,000 sq.ft. LOCATION: Bristol St., Costa Mesa, CA DATE STARTED/COMPLETED: 1992 QUALITY OF DESIGN: Adaptive reuse of three existing manufacturing buildings with eclectic front scaffolding nesting colorful light domes, intentional "deconstructed" look, recycled RETAIL TENANTS: Urban Outfitters, Thousands Elsewhere, Crew Salon, Habit, EyeFive, Buffalo Exchange, Harlow, Great Laundry, ARTH Blends, Carve, Standard Issue EXCLUSIVE RESTAURANTS: Gypsy Den Café and Reading Room, Habana Cuban Cuisine, Zipangu Japanese Fusion Lounge GALLERIES: The ARTery PROJECT VALUE: $20 Million WEBSITE: www.thelab.com page12 The Living Room is an outdoor canvas redesigned yearly with new installations, art, and furniture. Changing elements in the architecture keep the experience fresh r r'd-nr:r1141!7-11, ,- Iff.$ Fr -Om-the LAB project to Culver City, we intend to carry forward the LAB "living room" human comfort concept to the park features. We will create a sense of community and incorporate art to make a project stimulating and interest- ing to patrons of the arts. We will duplicate the open air public art spaces for ever - changing installations and community interaction. As always, we will plan for intimate public performance or exhibition spaces. page 13 Artists were used in every aspect of the Lab's construction iS The lab Articles ifr: lerimerttiai nut: in tafivo Generaticat ; : 1 '. 4' 1- '1 1 % :3:O3d: -.1 11:1' 11 klitiere Irai)1;;" ;•ry Isms: ?jig:: _ fp1.3.111.Ltr ir,i. , ' a- , Fk 3 !F."' rt 1t1ii :1.* :40 :1.701;.1": t . 1' .71.13,11. 14' 11!- "L . 1" X illat`,, _7S SILO edit '2 n .] l:IL %,4 1,11x 1,9.; : • -;;;.;;:ka . Z :g0 101, C. 11,1n 7 12;:: ." T ,11, • 1. 11 1'; Cict• 1. 1:13 :001.1r.;fl 1 pagel4 awl • "'ka. 14 - t:3 1 1:4111. g- 11.1*.• 'Oak ".4;;;,-rr ; • . ; IL al: . • d r. • l.• : eIF6 I1E F11:71111:ik m;k i-'. 5 • iM I ••5 . • 1:T It . ::Ilfes.•!.!•!. L14. Li? 1.• . 'i.•• 1.11,.,3..q4at1. • • :'. ' .7 . • i :tut amp' :! 4111- lir it- EWE aOtizi 4 Volli AS a 1:1;10.: I fi r rifIg:01 4 , • • 1 - . . 's ' page15 In 1991, in the midst of a national retail slump and Orange County bankruptcy, Lab Holding, LLC invented the concept of an "anti-mall"to serve urban youth dissatisfied with the homogenization of conventional malls. With the help of Pompei AD. architectural design firm out of New York City, the LAB (an acronym for Little American Businesses) retail center was born in 1993 out of the disarray of an abandoned military night goggle factory. Mate- rials removed from the redevelopment were reconstructed as walls and planters throughout the property to create a "recycled"center. Itaroseasa ground breaking indoor-outdoor venue of focused, complimentary non-chain retailers and custom designed restaurants to serve the demands of today's youth culture. Now nearly 15 years old, the LAB continues to garner international press for its'originality and focus, and boasts up to $1,200./sq.ft.. in retail sales just a short distance from South Coast Plaza, the most successful mall in the country with reported sales per sq.ft. of $850. (an "average" American mall would garner about $450./sq.ft.). The purposefully designed LAB "Living Room", an open air central courtyard, invites customers to "hang out" with music, magazine stand, community table, couches and serves as the "beating heart" of the center. Weekends often include musical performances, poetry readings and seasonal community events. Art installations and fur- niture design change regularly throughout the project, stimulating the senses of this young-at-heart customer base. This has included wall paintings and poetry writings, ceiling art installations, community table graphics, temporary sculptures, ongoing community art projects such as the"tile wall"or group collage events on the cen- tral promenade. An annual LAB CD compilation, featuring local musicians, is distributed free to LAB customers. LAB tee shirts and stickers are must haves. The LAB is a resounding success, both commercially as well as socially, as evidenced by sales per sq.ft., new tenant waiting list, and awards by local and state authorities for contributions to community revitalization as recently as April 2006. PROJECT FACTS SIZE: approx. 40,000 sq.ft. LOCATION: Bristol St., Costa Mesa, CA DATE STARTED/COMPLETED: 1992 QUALITY OF DESIGN: Adaptive reuse of three existing manufacturing buildings with eclectic front scaffolding nesting colorful light domes, intentional "deconstructed" look, recycled RETAIL TENANTS: Urban Outfitters, Thousands Elsewhere, Crew Salon, Habit, EyeFive, Buffalo Exchange, Harlow, Great Laundry, ARTH Blends, Carve, Standard Issue EXCLUSIVE RESTAURANTS: Gypsy Den Café and Reading Room, Habana Cuban Cuisine, Zipangu Japanese Fusion Lounge GALLERIES: The ARTery PROJECT VALUE: $20 Million WEBSITE: www.thelab.com page12 to sent BSI; LAW ,OFFICES Euna c. 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