The Los Angeles City Council unanimously approved a 12-story medical building project on Oct. 28 at the current site of a Big 5 sporting goods store at San Vicente and Wilshire boulevards.
The project at 656 S. San Vicente Blvd. by Los Angeles-based Stockdale Capital Partners will include 145,000 square-feet of space. Construction is anticipated to begin in late 2023.
“We are excited to bring this best-in-class medical office development to West Los Angeles, a market which remains extremely underserved with outdated product,” said Daniel Michaels, managing director of Stockdale Capital Partners. “Given the extreme health concerns of these past few years due to the pandemic, access to quality medical care remains an absolute priority and we believe this building will serve the neighborhood well. We are already in active discussions with leading health care providers for prospective tenancy.”
The project is located near Cedars-Sinai Medical Center and numerous medical offices in the area and will be used by practitioners offering surgery and invasive outpatient services. The building will include a state-of-the-art laboratory space.
“Stockdale Capital Partners recognizes the importance of serving the area’s patient base in a modern, healing and sustainable environment with best-in-class design,” said Andrew Saba, managing director of Stockdale Capital Partners. “656 S. San Vicente Blvd. serves an essential public health need through the development and delivery of cutting-edge treatment space. This project will serve as a pivotal nexus for both care and research for nearby medical professionals, improving the health outcomes of the surrounding communities.”
The building will include gardens on the ground floor and upper floors, low-water usage and drip irrigation systems, high-efficiency heating and cooling systems, and energy-efficient design and green spaces. It will also include electric vehicle charging stations, bicycle parking and 418 parking spaces.
For information, visit stockdalecapital.com/properties/656-south-san-vicente.
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