Construction begins on ElevenOneEleven at Jefferson and Sepulveda
Work is officially underway on ElevenOneEleven, a $200-million residential project rising at the intersection of Jefferson and Sepulveda boulevards in Culver City. As the earth is graded at the 3.5-acre site—formerly home to a U.S. Post Office, a Coco’s restaurant, and a Valvoline auto repair shop—the project signals a significant shift for a city long defined by its aviation and entertainment history. Developers Lincoln Property Co. and McCourt Partners are moving forward with the 344-unit complex, aiming to deliver housing by late 2028.
The timing is notable. Across Los Angeles County, apartment construction has slowed, hindered by rising costs, difficulty finding skilled labor, and a complex web of regulation. Culver City remains a focus for institutional capital. For a city of 40,000 that serves as a hub for companies like Amazon, Apple, and HBO, the project is a step in meeting regional growth mandates.
Meeting the 2029 housing mandate
Culver City is endeavoring to reach a target set by the Southern California Assn. of Governments to add 3,341 units to the city by 2029. Mayor Freddy Puza highlighted this goal in March, underscoring the urgency of the “severely under-housed” status that characterizes the city’s current landscape. ElevenOneEleven is designed to help bridge that gap, with developers planning to reserve 52 of the 344 units for subsidized affordable rents.
“It’s a cool place people want to be, and we see a market with a lot of room for growth,” said Jordan Lang, president of McCourt Partners.
Beyond the residential units, the development will feature street-level retail space and two public parks. The project is expected to house as many as 500 people upon completion. According to Stephen Lindgren, leader of Lincoln’s Los Angeles office, the city’s employment base made the project an attractive prospect for lenders, despite the broader economic headwinds facing the construction industry.
A history of transformation
The site of the new development is a microcosm of Culver City’s evolution. While the area is known for its movie studios, including MGM—now Sony Pictures Studios—Culver Studios and Hal Roach Studios, it has emerged as one of the region’s choices for creative businesses. Lincoln Property Co., which was one of the major developers of the nearby community of Playa Vista that was built on the site of the former headquarters of Hughes Aircraft Co., is now involved in the project.
However, the path to building is not without friction. Developers point to a climate where, despite agreement that more housing is necessary, the actual execution remains difficult. Institutional investors are wary of the Los Angeles market, where changing rules have made profits hard to predict. The fact that the developers were able to secure nearly $133 million in construction financing from an Arkansas bank suggests that Culver City’s economic profile provides a level of interest that other parts of the county currently lack.
The stakes for the local workforce
With the project expected to cater to residents from the technology and entertainment industries, the development highlights the tension between the region’s employment bases and the scarcity of available housing. For the city, the transition from a post office and a chain restaurant to a high-density apartment complex represents a “significant transformation.”
As construction continues through 2028, the success of ElevenOneEleven may serve as a bellwether for the regulatory and financial environment in Los Angeles County. For now, the site at 11111 Jefferson Blvd. remains an active work zone, representing a $200-million project in one of Southern California’s business corridors.
