One of Australian developer and contractor Lendlease’s last two U.S. multifamily projects is nearing the finish line. The Habitat Residences, the multifamily component of its $316 million Habitat mixed-use development, is set to open in Los Angeles’s Culver City submarket in 2026.
Developed in partnership with Australian superannuation fund Aware Super, the 260-unit apartment property will include a mix of studio, one- and two-bedroom units, ranging from 450 to 1,400 square feet. Each unit will include floor-to-ceiling windows, and the vast majority will incorporate balconies or terraces. Rent prices have not yet been announced.
The building, designed by New York City-based SHoP Architects, will be arranged in a curved shape with terraced levels, tall windows and dark green paneling. The interiors will feature a wood, stone and tile material palette inspired by the Southern California landscape, set in layered textures with rich color tones, according to the news release.
Amenities will include a pool deck with cabanas, grilling stations and al fresco dining areas; an indoor-outdoor fitness center; a coworking center; a social lounge and media room; a library; a pet spa; a dog run; and dedicated storage. Residents will also have access to Habitat-branded e-bikes.
At the ground level, next to 2,900 square feet of retail space, the property will connect to 1 acre of landscaped open space with access to the adjacent Expo Bike Path and LA Metro E Line.
The 3.5-acre Habitat development broke ground in 2023, and consists of The Habitat Residences and a six-story office building, both of which topped out in December. The property is designed for net-zero construction and operation, and will include an integrated solar array and 193 dedicated electric vehicle parking spots. Charleston, South Carolina-based Greystar will be the property’s manager.
Curtain call
Lendlease announced in May 2024 that it was exiting international development and construction within the next 18 months, but would honor its commitments to finish joint venture projects, of which Habitat is one.
The company’s other remaining U.S. multifamily project in progress is The Riverie, an 834-unit development on the waterfront in Brooklyn, New York’s Greenpoint neighborhood, also developed with Aware Super.
Expected to start leasing this year, The Riverie will consist of two buildings on one city block — one 20 stories and one 37 stories — plus a mid-rise podium and a public waterfront esplanade on the ground level. Like Habitat Residences, The Riverie will be all-electric and will be powered by a closed-loop geothermal system expected to cut the property’s carbon emissions from heating and cooling by 53%.
Lendlease announced last year that it would sell its land and inventory in San Francisco, Chicago and London, including Hayes Point in San Francisco, Lakeshore East in Chicago and Deptford Landings in London.
