An application submitted in September to the City of Santa Monica sheds new light on plans to redevelop the properties surrounding the E Line's western terminus.
Lincoln Property Company, owner of the "comma building," at 1640 5th Street, has proposed the construction of a an eight-story building featuring 132 studio, one-, two-, and three-bedroom apartments above subterranean parking for 132 vehicles.
Project entitlements include density bonus incentives, permitting a larger structure than otherwise allowed by zoning rules. In exchange, 15 of the proposed apartments would be set aside for rent as affordable housing at the moderate-, low-, and very low-income levels.
KFA Architecture is designing 1640 5th Street, which is shown in plans as a contemporary podium-type building featuring amenities at the podium and roof levels. Those spaces include a courtyard and a pool deck.
A development scheme which first came to light roughly one year ago would eventually see the project site and adjoining parcels folded into a single development that would create up to 570 total apartments next to Downtown Santa Monica Station. The project, proposed by AMCAL, would include roughly 140 affordable units.
The project would come on the heels of a handful of large developments now taking shape near the E Line Station, a 280-unit complex now rising at the former site of a Vons supermarket on Lincoln Boulevard.
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- Santa Monica (Urbanize LA)