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Negotiations for proposed Plaza at Santa Monica set to continue

07/30/2020 8:23 AM | Margaret Fulton (Administrator)

Negotiations concerning a proposed project at 4th and Arizona, known as The Plaza at Santa Monica, are set to resume after a vote by City Council Tuesday night.

The future of the controversial downtown development project was up in the air in recent months after Interim City Manager Lane Dilg recommended temporarily halting negotiations between staff and Clarett West Development, LLC and DLJ Real Estate Capital Partners, LLC, back in February while the city attempted to discover if the development would be in violation of any state laws.

At its meeting on Tuesday, Council directed staff to adjust priorities in the negotiations of the 2.57-acre property to better reflect the input that’s been received from the public throughout the process, as well as impacts of COVID-19 on the economy, city revenues, and community needs.

Read More: https://www.smdp.com/negotiations-for-proposed-plaza-at-santa-monica-set-to-continue/194873

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