Cypress Equity Investments has more big plans in Santa Monica, according to a staff report to the city's Architectural Review Board.
The Los Angeles-based firm is currently in the midst of the approval process for two mixed-use buildings on side-by-side sites at 1801 and 1819 W. Santa Monica Boulevard. The two properties, previously part of a Honda dealership, are slated for the construction of a pair of eight-story buildings which would feature a combined total of 288 studio, one, two-, and three-bedroom apartments and 2,700 square feet of ground-floor commercial space. Parking for more than 340 vehicles would serve the two apartment buildings.
According to the staff report, the 1801 and 1819 Santa Monica would feature 15 affordable housing units each - or 30 in total.
DLR Group is designing both projects, which are portrayed in renderings as contemporary podium-type buildings.
"The two adjacent projects share a similar form and massing while the subtle difference in tone and materials distinguishes one building from the other," read a narrative from the staff report. "Livability is enhanced with amenities such as upper-floor courtyards and rooftop decks, and the large scale of the buildings is broken down with large repetitive fenestrations, recessed spaces, and a few irregularly angled forms."
The staff report recommends approval for the design of both buildings.
Cypress Equity Investments, based in the neighboring Brentwood neighborhood of Los Angeles, is behind a number of similar mixed-use projects across the City of Santa Monica, as well as planned or under construction developments in the Los Angeles neighborhoods of Echo Park and Pico-Union.
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- Santa Monica (Urbanize LA)