The Project Calls for 570 Housing Units
The Santa Monica City Council is set to vote on authorizing a downtown development at the block bounded by Olympic and Colorado and 4th and 5th Streets.
The project, in agreement with California-based AMCAL Multi-Housing, Inc. and Texas-based Gen-Land LLC, calls for approximately 570 housing units. AMCAL also proposed to acquire the adjacent 27,176 square foot office/commercial building at 1640 5th Street, known as the “Comma Building”, from Lincoln Properties, for more housing units. Because the proposal relies on the Comma Building sale, a tri-party agreement between the City, AMCAL and Lincoln properties is required.
Read More: https://smmirror.com/2023/09/council-to-vote-on-downtown-affordable-housing-development/