The Witkoff Group is scheduled to break ground this month on a mixed-use development at the site of a former Fred Segal store in Santa Monica, reports Apparel News.

The project, located at 500 Broadway, will consist of a seven-story building containing 249 studio, one-, two-, and three-bedroom apartments atop nearly 55,000 square feet of ground-floor retail space and basement parking for over 200 vehicles on four basement levels.  Potential commercial uses include shops, restaurants, and a grocery store.

Koning Eizenberg Architecture is designing 500 Broadway, which will be divided into four distinct masses connected by pedestrian bridges.  Images show large courtyards and setbacks at the property's ground floor to provide space for outdoor dining.

Completion of 500 Broadway is anticipated in 2020.

As part of the project's approval, the Witkoff Group agreed to provide funding for a nearby affordable housing development known as the Arroyo.  That project, which will feature 64 dwelling units, is now under construction near the intersection of Colorado Avenue and Lincoln Boulevard.

The Witkoff Group, which is headquartered out of New York, is also developing the EDITION Hotel and Residences on the Sunset Strip.