Lendlease, a prominent Australian developer, is nearing the completion of its penultimate U.S. multifamily project, The Habitat Residences in Los Angeles's Culver City area. This $316 million mixed-use development will feature 260 apartments and an extensive range of amenities. Designed by SHoP Architects, the building showcases a curved design with terraced levels, large windows, and green paneling. Residents can enjoy numerous facilities including a pool deck, fitness center, coworking space, social lounge, and pet spa. Additionally, the property connects to open landscaped areas and retail spaces at ground level. Meanwhile, Lendlease plans to exit the U.S. market soon, focusing on its final project, The Riverie, a significant waterfront development in Brooklyn.
Innovative Design and Luxurious Amenities at The Habitat Residences
The Habitat Residences stands out with its distinctive architectural features designed by SHoP Architects. The building’s curved shape, terraced floors, and tall windows create a unique aesthetic appeal complemented by dark green paneling. Inside, residents will find interiors inspired by Southern California landscapes, blending wood, stone, and tile materials in layered textures with rich color tones. Each apartment offers floor-to-ceiling windows and most include balconies or terraces, enhancing the living experience.
Beyond its striking architecture, The Habitat Residences provides a comprehensive array of amenities tailored for modern lifestyles. Residents can unwind at the pool deck equipped with cabanas, grilling stations, and outdoor dining areas. Fitness enthusiasts benefit from an indoor-outdoor gym while professionals have access to a coworking center. Social gatherings are facilitated by a media room, lounge, and library. Pet owners enjoy convenience through a pet spa and dog run. Furthermore, all residents gain access to branded e-bikes and dedicated storage solutions.
Lendlease's Strategic Exit from the U.S. Market
As part of its strategic shift, Lendlease has announced plans to exit international markets, including the U.S., within the next year and a half. Despite this decision, the company remains committed to completing joint venture projects like The Habitat Residences. This development exemplifies Lendlease's dedication to sustainable construction practices, incorporating net-zero design principles with integrated solar arrays and electric vehicle parking spots.
Simultaneously, Lendlease continues progress on its other remaining U.S. multifamily endeavor, The Riverie in Brooklyn. Set to begin leasing shortly, this ambitious project comprises two high-rise buildings alongside a mid-rise podium, offering all-electric living powered by a closed-loop geothermal system. This innovation aims to reduce carbon emissions significantly. In addition to these developments, Lendlease has divested properties in major cities such as San Francisco, Chicago, and London, marking a definitive chapter in its global expansion strategy.