Construction commences for mixed-use project at 2025 and 2051 Wilshire in Santa Monica

One month after secured a $170-million construction loan, Cypress Equity Investments has commenced work on a pair of mixed-use apartment buildings in Santa Monica.

The first project, which replaces a stretch of commercial buildings formerly home to a Chipotle and Veggie Grill at 2025 Wilshire Boulevard, calls for the construction of an eight-story building featuring 150 residential units above approximately 8,600 square feet of ground-floor commercial space and a three-level, 205-car subterranean parking structure. 

DLR Group is designing the podium-type complex, which is shown with a large cut-out in its Wilshire Boulevard facade, opening onto an internal courtyard.

Down the road at 2501 Wilshire Boulevard, CEI is replacing another stretch of low-rise commercial buildings adjacent to Douglas Park with an eight-story structure featuring 170 residential units above roughly 9,000 square feet of ground-floor commercial space and a four-level, 253-car subterranean parking garage.

Ottinger Architects is designing the project.

The two new developments, along with another CEI project now underway at 1902 Wilshire Boulevard, are part of Santa Monica's off-site affordable housing pilot program, through which a handful of density bonus projects will be permitted to build required affordable housing at an off-site location, with the intention of bolstering the city's sluggish pace of new housing construction.

Combined with a project also underway at 234 Pico Boulevard, CEI has more than 600 apartments in construction in Santa Monica, with hundreds of additional homes planned at various sites throughout the city.

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• Santa Monica (Urbanize LA)