Five months after commencing work in Downtown Santa Monica, rebar pillars are starting to rise for a new senior affordable housing complex just east of the E Line's terminus.
The project from developer Tishman Speyer, located on a long-vacant property at 711 Colorado Avenue, will eventually consist of a seven-story building featuring 57 studio, one-, and two-bedroom apartments above approximately 1,848 square feet of ground-floor retail space, but no on-site parking. With the exception of one manager's unit, all of the apartments are to be serve as income-restricted housing for seniors.
KFA Architecture is designing 711 Colorado, which is portrayed in a rendering as a contemporary podium-type building.
The 711 Colorado project was one of eight entitled properties in the Downtown Santa Monica area which Tishman Speyer acquired in early 2022for $150-million from WS Communities. The other sites are located at 1318 Lincoln Boulevard, 1430 Lincoln Boulevard, 1650 Lincoln Boulevard, 501 Broadway, 1313 6th Street, 1323 5th Street and 1338 5th Street.
The affordable project at 711 Colorado is being built to satisfy the off-site affordable housing requirements of two of those market-rate developments - 1313 6th Street and 1430 Lincoln Boulevard, which is now under construction one block to the north.
Tishman Speyer, outside of its Santa Monica investments, also has plans for new offices in Downtown Los Angeles and recently acquired property in Baldwin Hills.
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- 711 Colorado Boulevard (Urbanize LA)