In Downtown Santa MonicaWitkoff and New Valley, LLC have completed work on "The Park," an eye-catching mixed-use apartment complex at the intersection of 5th Street and Broadway.

View looking east on BroadwayKoning Eizenberg Architecture

Located at the southeast corner of the intersection, the project consists of a seven-story building featuring 249 apartments above 55,000 square feet of ground-floor retail space and a basement parking garage.

According to a leasing website, the building includes a mix of studio, one-, two-, and three-bedroom floor plans, with monthly rents starting at $4,350.

Koning Eizenberg Architecture designed The Park, which includes setbacks and multiple courtyards at street level, providing publicly-accessible open space for both passersby and ground-floor commercial tenants. The building's name derives from a one-acre open space at the rooftop, featuring a gym, a pool deck, seating, and observation areas.

500 BroadwayGoogle Maps

The apartment complex may be a prelude to come for a busy stretch of 5th Street in Santa Monica. One block north, a handful of similar mixed-use residential buildings are proposed along between Broadway and Arizona Avenue.

Witkoff and New Valley, LLC previously partnered to develop the $300-million Edition Hotel and Residences on the Sunset Strip in West Hollywood.