Sunset + Vine is a mixed-use property located at 1555 Vine St. in the Hollywood area of Los Angeles, CA. The property was built in 2004 and is currently anchored by retailer Bed, Bath, and Beyond. In 2011, one of the tenants filed for bankruptcy and in 2012, closed its 22,500 sq. ft. store. In 2013, Kennedy Wilson was engaged to re-tenant the vacant space.
In less than 120 days, the company generated multiple offers from national credit tenants including sporting goods, markets, drugstores and home accessories retailers. Walgreens took the space, opening the first “flagship” concept in Los Angeles, which includes high-end skincare/cosmetics, fresh sushi, a coffee/juice/smoothie bar, prepared foods and grocery. The rental rate achieved by Kennedy Wilson set a new standard for large box space in mixed-use projects in the area.