The five acre Martin Cadillac GMC dealer that’s been on the corner of Olympic and Bundy for 40 years will soon be replaced by a big new seven story 516 residential unit, apartment and or condo complex, and 10 story office with 81,000 square feet of net lease retail restaurant space plus three levels of underground parking for 1,876 parking spaces.
Los Angeles and Santa Monica commercial real estate agents will be happy to have some new net leased retail and restaurant space for lease.
The south side of the property along Olympic will see a new ten story office tower with 192,000 square feet of office space and 26,000 square feet of retail at street level.
This will be one block from the Expo Line extension in West Los Angeles.
Current owner, Dana Martin and family, will be the developer.
The new Cadillac GMC dealer will occupy the southeast corner of the ten story office tower. I bought five cars from them over the years so I’m happy to see that they’re continuing in the new building.
If you have interest, I’ll be happy to help. Call me, Scott Harris Realtor, 310-473-4789.