Seven months after breaking ground in Playa Vista, construction is going vertical for the Collective, an $80 million office complex from developer Tishman Speyer.  The speculative development, designed by local architect Joey Shimoda, will create approximately 204,000 square feet of office space within a series of two-story structures. Each of the Collective’s five buildings are designed to emanate an “inviting yet industrial feel,” with an open floor plan and exposed double-height ceilings.  Building materials are further in line with this warm, industrial look.  Interiors will feature wood flooring, steel columns and floor-to-ceiling windows.  Exteriors will be clad with precast concrete and wood paneling. The 6.3-acre campus will feature a series of private garden patios, designed by landscape architect James Burnett.  These small pockets of green space will include a welcome court, event lawn, shared courtyards and gravel seating areas. Recent growth in the Southern California office market may bode well for Tishman Speyer’s speculative development.  With limited options remaining in creative hotspots such as Venice and Santa Monica, many businesses in the media, technology and entertainment fields have turned south to Playa Vista.  Consequently, the neighborhood’s office vacancy rate now stands at 24.8%, a marked improvement from the previous year’s 40% figure.