Culver City's iconic neon sign is getting a second life as part of Culver Commons, a new food-forward destination on the former Culver Public Market site.

What you need to know: The new ground-up retail development is being built through a public-private partnership between Regency Centers and Culver City.

The walkable neighborhood center will feature food, beverages and community-focused retail, plus a publicly owned parking structure designed to support surrounding businesses beyond the property's footprint.

• The restored neon sign will serve as a focal point of the development — a nod to Culver City's history and the character of the neighborhood.

Why it's important: Retail developments like this one are tough in today's market — new retail supply in the area is limited and construction costs are high as demand for quality, experience-driven spaces rises.

• Culver Commons is built to succeed, with a location, partnership structure and merchandising thesis the market has already validated.

The strategy: Regency Centers achieves consistent success nationwide by building strong, grocery-anchored developments that meet the daily needs of growing communities, from shopping and dining to supporting local businesses.

• The developer targets high-growth areas like LA, where strong demographics and new housing fuel long-term demand and repeat visits.

Key numbers: The three-mile radius of Culver Commons boasts:

• 👥 A daytime population of 324,322.
• 💰 An average household income of $180,863.
• 🏠 An average home value of $1,532,029.

Confirmed tenants include:

• Smog City Brewing, a Torrance-based craft brewery founded by a husband-and-wife team in 2013, that's expanding into its fifth LA-area taproom.
• El Moro, Mexico City's premier (and first) churrería with 90 years of experience serving artisanal, authentic churros.
• Vox Kitchen, one of Orange County's favorite fusion restaurants serving Chifa cuisine — a blend of Chinese and Peruvian flavors and cooking methods.
• Rol Handroll Bar, where guests can enjoy dinner and a show as their sushi rolls are prepped right in front of them.
• Wanderlust Creamery, known for churning global flavors like Lilikoi Li Hing Pineapple, Aloe Vera Ya Ua, Palo Santo Mint Chip and Ube Malted Crunch.

The takeaway: Culver Commons is ready to meet community, business and institutional needs alike.

• "From prioritizing local operators to restoring the historic Culver sign, every decision reflects our broader approach to disciplined, experience-driven development," said Ray Kayacan, vice president of investments at Regency Centers.

Learn more about Regency's developments.