New Design Emerges for East Hollywood Development
A leasing brochure produced by CBRE and Kennedy Wilson points to a redesign of CIM Group’s proposed development at 5601 Santa Monica Boulevard, formerly known as Paseo Plaza. The project, which is described as a an “Urban Power Center,” dates back to 2006, when Culver City-based Continental Development Group first entitled the property. Under the revised proposal, CIM plans to rehabilitate the interior of the historic Sears Building - built in 1928 - as retail space, while its rooftop would be converted into a 20,000-square-foot park featuring with landscaping, outdoor seating and seasonal programming.