April 21, 2019 Breaking News, Latest News, and Videos

Ocean Avenue South Honored as 2016 ULI Global Award for Excellence Winner:

The Urban Land Institute (ULI) announced that Ocean Avenue South, a residential mixed-use, mixed-income development, was one of 11 real estate development projects from around the globe selected as winners in the ULI 2016 Global Awards for Excellence program, one of the land use industry’s most prestigious awards. This year’s winners—representing projects in Asia Pacific, Europe, and North America—were honored at the ULI Fall Meeting in Dallas, Texas.  Related California’s Ocean Avenue South is the only development in the Greater Los Angeles area to win the 2016 award. 

“We are proud that Ocean Avenue South, with more than half of its homes affordable to low- and moderate-income families, is the only Los Angeles-area property to receive the prestigious global award," said Andy Agle, Director of the City’s Housing and Economic Development Department. “Through the public-private partnership with Related California and Community Corporation of Santa Monica, 160 families have a place to call home that is affordable and part of a beautiful and vibrant project.”

Located in the heart of Santa Monica, just two blocks from the Pacific Ocean, the LEED Silver Ocean Avenue South is a key component to both the revitalization of the Civic Center neighborhood, and the City Council’s strategic goal of maintaining an inclusive and diverse community. More than half of the residences at Ocean Avenue South, a total of 160, Belmar Apartments, are dedicated affordable homes, making it the largest affordable housing community supported by City financing. The property brings a diversity of uses to the former site of the RAND Corporation headquarters, including gardens, 20,000-square feet of retail and restaurant space, as well as a pedestrian walkway connecting Main Street to Ocean Avenue.

“The ULI Global Award is a tremendous honor. We are grateful and thankful to the City of Santa Monica for granting us the opportunity to work with them on this redevelopment effort,” said Bill Witte, Related California Chief Executive Officer. “We believe that our partnership is a workable model for other municipalities to provide both needed affordable housing and a vital economic stimulus for the neighborhood.”

Ocean Avenue South represents one of the last affordable communities supported by the former Santa Monica Redevelopment Agency. Until 2012, the agency provided the bulk of local funding for affordable housing in Santa Monica. The State of California eliminated all local redevelopment agencies in 2012.  Communities throughout the state, including Santa Monica, are now struggling with how to promote community diversity in light of significantly diminished resources for affordable housing.  

“The Global Awards for Excellence showcase efforts that have both succeeded in pushing ingenuity and exemplifying best practices in land use across the globe,” said Patrick L. Phillips, ULI global chief executive officer. “This year’s winners have demonstrated a committed contribution to responsible real estate development and a dedication to building thriving, livable communities.”

The awards competition, now in its 38th year, recognizes real estate developments that achieve a high standard of excellence in design, construction, economics, planning, and management. The program, open to all and not limited to ULI members, is viewed as the centerpiece of the Institute’s efforts to identify and promote best practices in all types of real estate development.

The Awards for Excellence program is based on the Institute’s guiding principle that the achievement of excellence in land use practice should be recognized and rewarded. ULI’s Global Awards for Excellence recognize the full development process of a project, not just its architecture or design. The criteria for the awards include leadership, contribution to the community, innovations, public/private partnerships, environmental protection and enhancement, response to societal needs, and financial viability.

in News
Related Posts

Santa Monica Sees Nearly 9 Percent Spike in Part 1 Crimes

February 4, 2019

February 4, 2019

SMPD Chief Cynthia Renaud gives crime update. By Sam Catanzaro Over the past month, Santa Monica has experienced a string...

Man Charged for Murdering Mother

February 4, 2019

February 4, 2019

Los Angeles County District Attorney’s Office files charges on Stephen Lloyd Fader. By Staff Writer The Los Angeles County District...

Fighting Fires, Tackling Homelessness, Saving Lives

February 5, 2019

February 5, 2019

The role of fire departments in 21st-century urban centers.  By Keldine Hull Do firefighters fight fires? Obviously, but most of...

SM City Defends Temporary Protective Status for Immigrants

February 5, 2019

February 5, 2019

By Staff Writer Santa Monica City Council voted unanimously at their January 22 meeting to join an amicus brief to...

SMPD Mounted Patrol Aids in Arrest

February 5, 2019

February 5, 2019

By Sam Catanzaro The Santa Monica Police Department (SMPD) carried out an arrest on February 1 with the aid of horses....

MDR Oil Well Explosion Sparks Debate

February 6, 2019

February 6, 2019

Jan. 18 incident sheds light on the dangers of oil wells in the city. By Tor Marom Discussions on public...

State of the City: Climate Change, Communication Among Challenges Facing Santa Monica

February 8, 2019

February 8, 2019

Mayor Davis delivers annual address. By Tor Marom This past Wednesday, the Santa Monica Chamber of Commerce held its annual...

Santa Monica and ‘Big One’ Preparedness

February 11, 2019

February 11, 2019

Preparing for an earthquake with magnitude of 8.0 or more. By Keldine Hull All it took was 10-20 seconds for the...

Santa Monica Man Arrested for Attempting to Murder Girlfriend

February 12, 2019

February 12, 2019

Kevin Ferron charged with attacking girlfriend Anna Koosman. By Sam Catanzaro The Santa Monica Police Department (SMPD) have arrested a...

Fire Damages Santa Monica High Rise

February 13, 2019

February 13, 2019

Shores Apartments unit catches fire Monday night.  By Staff Writer A Santa Monica high rise by the beach caught fire Monday...

SMPD to Conduct Bike and Pedestrian Safety Enforcement

February 13, 2019

February 13, 2019

Citations and increased enforcement Feb. 15 and 18. By Staff Writer  The Santa Monica Police Department will be conducting bike...

Judge’s Final Ruling Orders Districts, Special Election

February 17, 2019

February 17, 2019

Final judgement calls for July 2 special election to choose new council.  By Sam Catanzaro  A final judgment has been...

Santa Monica Police Seize 29 Guns, Cocaine, Meth and Heroin

February 20, 2019

February 20, 2019

By Staff Writer  On February 15,  the Santa Monica Police Department’s (SMPD) Narcotics/Vice Unit along with SWAT served multiple search...

Adapting to Santa Monica’s Single-Use Plastic Ban

February 21, 2019

February 21, 2019

City’s disposable food-ware ordinance under effect. By Keldine Hull When an updated Disposable Food Service Ware Ordinance went into effect...

Council Votes Unanimously to Appeal District-Election Ruling

February 22, 2019

February 22, 2019

City of Santa Monica to appeal ruling that elections are in violation of CRVA.  By Sam Catanzaro On February 21,...