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Santa Monica Planning Commission to Review Four Mixed-Use Projects
By Niki Cervantes
January 9, 2018 -- A five-story mixed-use apartment building on Lincoln Boulevard is set for official approval on Wednesday by the Santa Monica Planning Commission, which then turns its perusal to three more similar projects not far away.
The 33,845-square-foot mixed-use project at 1437-1443 Lincoln Boulevard, with ground floor commercial retail space and 40 apartments atop, is on the agenda to receive a “statement of official action.”
Six units are reserved for those earning 50 percent of the area’s median income (AMI). The project includes 87 parking spots in a three-level subterranean garage.
The project developed by Luxe 1441 Lincoln LLC is one of a string of similar multi-rise apartment buildings in the works for the boulevard, which is being re-engineered by the City from an auto-centric thoroughfare to a neighborhood of apartment dwellers and local shops.
If approved, the project by the CIM Group has 47 apartments atop ground-floor shops, and a two-level underground parking garage for 151 parking spaces.
Four are to be deemed affordable, in this case for those with annual incomes of no more than 30 percent of the AMI, or from $18, 950 for single-household to $27,050 for a family of four and $41,320 for a family of eight.
Among the community benefits for the City is a $619,000 transportation impact fee from the developer, due to increased traffic.
Also going to City coffers is $323,000 for parks and recreation, $140,000 for cultural arts and $112,000 to build off-site child care, the commission’s report said.
The other two, new mixed-use developments center around Broadway and Cloverfield Boulevard, not far from the offices of Hulu.
The parcel at 2225 Broadway would become a three-story, 15,463-square-foot mixed use project with 15 residential units, two of them for renters earning 30 percent of the AMI. It also includes 35 underground parking spots.
Developers will pay a Transportation Impact Fee of about $15,554 and Parks and Recreation Development Impact Fee estimated at $70,390.
Its counterpart, at 1450 Cloverfield, would become a three-story mixed-use apartment building of 32,300 square feet with 34 apartments, of which three are earmarked for tenants earning 30 percent of the AMI.
The project includes two levels of subterranean parking for 93 vehicles.
Both are about a half mile from Expo’s 26th Street/Bergamot Station. The applicant for both is SM-Cloverfield Investors LLC.
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