A presentation to the Santa Monica Architectural Review Board offers a look at updated renderings of a proposed mixed-use, high-rise development planned at 1437 6th Street.
The former Builder's Remedy project, now being developed by Madison Realty Capital, would rise from a mid-block site on the east side of 6th Street between Santa Monica Boulevard and Broadway. Plans call for the construction of an eight-story building featuring 173 studio, one-, and two-bedroom apartments atop a two-level, 55-car subterranean parking garage.
In exchange for state density bonus incentives granting relief from certain zoning standards, the proposed development would include 26 units of deed-restricted affordable housing.
Ottinger Architects is designing the 1437 6th Street, which would rise to a maximum height of nearly 195 feet, according to a staff report.
"The project proposes a tall building separated into two main forms that create a slender and elegant proportion," reads a staff summary. "The two forms that compose the tower serve to create a dichotomy in both the project’s contemporary design and narrative. One form features glass and undulating patterns while the other provides a solid white tower; the two forms are offset with a corridor of recessed glass."
Madison Realty Capital was a lender to prominent Santa Monica real estate firm NMS Properties, which had previously entitled the site for redevelopment with a smaller mixed-use building. NMS lost control of roughly 50 percent of its portfolio in January 2024, and turned it over to a group of lenders, including Madison.
Madison has since pursued redevelopment of several former NMS sites with high-rise buildings, including two other projects in Downtown Santa Monica.
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