A now-empty lot at the intersection of Santa Monica Boulevard and Yale Avenue is slated for redevelopment with infill housing, according to a new application submitted to the City of Santa Monica.

Santa Monica Boulevard elevationOttinger Architects

Hankey Capital, the developer behind the project at 2901 W. Santa Monica Boulevard, has proposed the construction of an eight-story edifice featuring 129 studio, one-, and two-bedroom apartments atop a 129-car garage.

Requested approvals would require that 13 of the apartments be set aside for rent as affordable housing at the moderate-, low-, and very low-income levels.

Ottinger Architects is designing the contemporary podium-type building, according to city records.

2901 Santa Monica BoulevardGoogle Maps

The proposed development began as one of 13 Builder's Remedy projects which developer WS Communities agreed to process administratively with the City of Santa Monica in 2022. At the time, the proposed development was envisioned as a taller 12-story edifice featuring 190 apartments. WS Communities subsequently lost much of its portfolio to creditors, including Hankey and Madison Realty Capital, which have pushed forward with the former Builder's Remedy developments.

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