The east side of town continues to attract businesses at a remarkable rate, and another address along Washington is now fully leased while still going up. The build at 8888 Washington is now visible above ground at the new headquarters of interactive entertainment Scopely. Called “one of the world’s most innovative companies,” by Fast Company magazine, Scopely will add to the tech sector now setting up international headquarters in the corridor between Downtown Culver City and the Arts District.
The project, according to UrbanizeLA, consists of a four-story building featuring approximately 60,000 square feet of office space above 6,000 square feet of ground-floor retail space. An automated parking structure capable of accommodating more than 200 vehicles spans beneath the project site. The building by Abramson Architects will have an exterior composed of molded glass fiber reinforced panels embedded with LED strips.
The game company recently completed a round of fundraising, finishing with a valuation of $1.7 billion. According to Variety, “The privately held free-to-play mobile-games publisher announced a $200 million Series D funding round, bringing it to $458 million raised to date. That more than doubles Scopely’s valuation to approximately $1.7 billion, according to a source familiar with the transaction — up a cool billion from $700 million when it closed its previous round of funding last year.”
With the new capital, Scopely plans to expand into new genres and acquire intellectual property, said co-CEO Javier Ferreira. “Now we are in a position to really go after companies and studios that can have an impact on what we’re doing.” said Ferreira
Scopely will move in 2020, with the building expected to be finished early in the year.
Graphic- Abramson Architects