REDA Residential JV Acquires 7.05-Acre Culver City Redevelopment Site

The property at 6201-6229 Bristol Pkwy in Culver City, California, is a retail asset spanning approximately 70,534 square feet. The site sits on an extraordinary ±7.05-acre redevelopment site with potential for multifamily, medical, hospitality, office, and retail uses.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Buyer: REDA Residential in a JV with a private family office
• Seller's Rep: Laurie Lustig-Bower, Kadie Presley Wilson, Kamran Paydar & Connie Lu - CBRE

Ally Commercial Real Estate, represented by Luc Hawkshaw, Eric Mandell, Mark Reynolds, and Gabe Wilson, facilitated the sale of the property. Culver City's growing demand for housing has driven interest in the site, with new housing goals set to be achieved by 2029 to meet the city's increasing housing needs.