EL SEGUNDO, CA-Bixby Land Co. and Cornerstone Real Estate Advisers, LLC have initiated a joint venture to acquire a vacant, five-story office building here that will be dog-friendly and, it claims, filled with design elements more typical of a boutique hotel.
The new owners of the 112,695 square-foot building at 2101 El Segundo Blvd. plan to spend an estimated $10 million to revamp the structure, adding such features as lounge seating and custom music in the lobby, outdoor gathering areas with raised wood decking, and trellised gardens.
The exterior redesign will feature prominent horizontal wood slat panels that climb the full height of the building. In addition to a dog-friendly policy – which is touted as the first such initiative in the El Segundo market - tenants will be provided beach cruiser bicycles for use.
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