SOUTH BAY DIGS | Digital Edition Online

September 20, 2024

DIGS is the premiere luxury real estate lifestyle magazine serving the most affluent neighborhoods in the South Bay and Westside of Los Angeles, California.

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Local Collaborative Expansion The Local Collaborative Hermosa Beach Expansion Project Brings Cash-Flowing Office Space & A One-of-a-Kind Co-Working Experience to the Heart of Hermosa Beach M A R K E T R e d o n d o B e a c h | BEACH CITY CAPITAL A Vision Realized: Bringing Class-A Office Space to the South Bay Local Collaborative Hermosa officially opened its doors in 2021, transforming a historic Performing Arts Theater into a vibrant co- working space that blends old-world charm with modern functionality. The journey began with Marlin Equity Partners leasing the entire space, marking a major milestone for the business. Following this, Local Coll aborative was unveiled to the public in June 2023 at a grand opening celebration. With all office spaces leased, this thriving community hub is now setting its sights on the future with exciting expansion plans already in motion. Our mission is simple: to complete the build-out by Q2 2025, maximizing returns for our investors while creating a unique and inspiring workspace for the South Bay community. Moving Forward: Expansion Plans Set to Amaze The groundwork for the next phase of Local Collaborative's expansion is already in place. During the initial construction, 70% of the infrastructure required for the second phase was completed, including essential structural support. This foresight positions us perfectly to move forward efficiently, with our planning department working in tandem with the City Council. By submitting plans for review while seeking City Council approval concurrently, we are compressing timelines and saving valuable time in our schedule. This streamlined process ensures that Local Collaborative Hermosa is ready to meet the growing demand for co-working spaces in this sought-after beachside community. Sponsored Spotlight

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