As we continue investing to expand and enhance our retail stores and offerings worldwide, we remain deliberate about evaluating our existing locations to ensure that we can meet our customers' needs in the best way.
In 2019, the Original Cannabis Cafe, formerly Lowell Cafe, burst onto the scene. It was the nation's first legally permitted cannabis restaurant, with long lines snaking out of the venue and down La Brea Avenue.
When we're touring a space, one of the first items they bring up is, 'Where can I build a studio?' said Blake Eckert, who leases CIM offices in L.A. Their studio offices also serve as marketing centers, with showrooms and meeting spaces where brands can host proprietary events not open to the public.
The project will contain two matching 12-story office towers of 240,000 square feet each. The first tower is scheduled for completion in June. Phase 2 will consist of the second tower and a five-story garage for 1,600 cars.
Since purchasing the land last year, Oceanwide has reworked the design for the Fig Central development, adding a third tower in the process. The $1-billion project now consists of two 40-story high-rises and another high-rise at 49 stories. In all, 504 condos, 183 hotel rooms and nearly 450,000 square feet of retail space are planned.