July 3, 2025 Breaking News, Latest News, and Videos

Real Estate Firm Plans to Redevelop Three Wilshire Properties Into Hundreds Housing Units

Cypress Equity Investments buys four Santa Monica properties

By Dolores Quintana

A real estate firm has bought three Wilshire Boulevard properties, planning to bring several multi-story, mixed-use developments to the street, as part of projects that would bring over 300 units of housing to Santa Monica. 

There are four new projects that Cypress Equity Investments (CEI), a development firm from Brentwood, is developing in Santa Monica as reported by Urbanize Los Angeles and the Santa Monica Daily Press. All but one of these projects are on Wilshire Boulevard. 

The first project that CEI is conducting community meetings and applying for City entitlements for is at 2025 and 2501 Wilshire. Both buildings would be a mixed-use combination of residences and ground floor commercial space. 2025 Wilshire’s proposal calls for a four story building to replace the current one story commercial building that contains Chipotle and Veggie Grill restaurants. The new building would be 42 feet tall and be composed of a ground floor commercial space below 46 apartment units with a two level underground parking garage that would hold 101 stalls for parking. The exterior would be made of white stucco with perforated metal screens and wood paneling in the contemporary low rise style. 

A proposal for 2501 Wilshire is another four story building with three floors of sublevel parking with 198 parking spaces, ground floor commercial space, and 70 residential units. Ottinger Architects is the designer listed for 2501 Wilshire which is described as a white complex in the contemporary low rise style with a small courtyard. 

Both of these projects have proposed to fulfill their obligation to provide deed restricted affordable housing, 7 units for 2025 Wilshire and 11 for 2501 Wilshire, by developing those apartment units at an “offsite location”. 

The third project, which has not been formally announced by CEI, is proposed for 1902 Wilshire. It is another four story mixed-use building with two levels of underground parking that contains 143 parking spaces for cars, 91 bicycle parking spaces and then a ground floor “neighborhood serving” retail space, and 71 apartment units that are contained within a 50 foot high edifice. The designer of record is Patrick Tighe Architecture who envisions two interconnected buildings built around a central courtyard that are made of metal, wood and stone. Again, the developer claims that the 11 mandatory deed-restricted units that they would have to deliver according to entitlement rules would be developed at an “offsite location.”

The fourth proposed building is the only one not on Wilshire Boulevard and the potential site is located at 1537 Lincoln Boulevard which is quite close to the final Santa Monica stop of the Metro E Line. CEI’s plans call for a five story building that is again mixed use with underground parking for 98 vehicles, ground floor commercial space and 114 residential units designed by Ottinger Architects. The building itself would be the site for eight of the required affordable housing units and the balance of 21 deed restricted units required for zoning entitlements would be built “offsite” according to CEI’s claims.

<>Related Posts

(Video) A visit to New York Bagel & Deli in Santa Monica

July 3, 2025

July 3, 2025

Authentic NY Style Bagels with Extra Creamy Cream Cheese and Multi-Cultural Desserts. Located at 2216 Wilshire Blvd. A visit to...

(Video) Legacy, Reimagined: Architecture, Design & Construction by Home Front Build Los Angeles

July 2, 2025

July 2, 2025

Go To Homefrontbuild.com For More Information @home_front_build Legacy, Reimagined: Architecture, Design & Construction by Home Front Build Los Angeles. Go...

(Video) Gladstone’s Malibu Prepares for Reopening after Surviving Palisades Fires

July 2, 2025

July 2, 2025

With One Half of its Structure Slightly Charred and Undergoing Repairs, Gladstone’s Malibu is Reopening its Patio Space Just in...

Santa Monica Public Library Launches Community Mapping Survey

July 2, 2025

July 2, 2025

The initiative aims to shape the library’s programs and services to better meet community needs, fostering an inclusive and accessible...

Third Street Promenade Loses Bibibop Asian Grill

July 2, 2025

July 2, 2025

Bibibop opened at the Santa Monica location in 2017 after taking over a former ShopHouse space Bibibop Asian Grill, a...

Proposed Rebuilding Authority for Wildfire Recovery Sparks Local Control Debate

July 2, 2025

July 2, 2025

Plan Aims to Streamline Rebuilding but Raises Questions Over Community Input A proposed “Resilient Rebuilding Authority” to oversee recovery from...

Pentagon Orders Troop Drawdown in LA: 150 National Guard Members Reassigned to Wildfire Duty

July 2, 2025

July 2, 2025

Federal Forces Begin Partial Withdrawal From Protest Response as California Leaders Push Back U.S. Northern Command announced Tuesday that 150 National Guard...

(Video) ‘World’s Strongest Man’ Champion Pulls Big Blue Bus for 30 feet

July 1, 2025

July 1, 2025

World-class strongman Martins Licis pulled a 34,680‑pound, 35-feet long, battery electric bus through the Pier to set off Pier 360...

California Highway Patrol Deploys for Independence Day Enforcement Surge

July 1, 2025

July 1, 2025

All Available Officers to Hit California Highways for Holiday Weekend As Californians gear up for Fourth of July festivities, the...

Court Postpones Arraignment for Driver in Malibu Crash That Killed Four Students

July 1, 2025

July 1, 2025

Fraser Michael Bohm Faces Murder Charges in Fatal PCH Wreck  The arraignment for Fraser Michael Bohm, the 23-year-old man accused...

More Commercial Uses Could Be Coming to RAND Building

July 1, 2025

July 1, 2025

Amendment Unlocks New Opportunities, Secures $5.5 Million in Community Benefits The Santa Monica Planning Commission unanimously approved an amendment to...

People are Using Palisades for “Disaster Tours.” Local Officials Are Trying to Stop Them

July 1, 2025

July 1, 2025

A new motion introduced to City Council requests a coordinated strategy from LADOT, the Los Angeles Police Department, and the...

Santa Monica Favorite Esters Rebrands as Esters Wine Shop & Oyster Bar

June 30, 2025

June 30, 2025

New Concept Launches With French-Spanish Flair and Free Bubbles Esters Wine Shop, the fave Parisian-style wine bar in downtown Santa...

Letter to the Editor: Santa Monica’s Great Park: It’s Time to Deliver on 100 Years of Promise

June 30, 2025

June 30, 2025

Santa Monica stands at the edge of history. For nearly a century, residents have consistently supported turning the airport land...

Why Nordstrom Says It’s Closing Its Santa Monica Place Location

June 30, 2025

June 30, 2025

A Nordstrom spokesperson explained the closure as a strategic realignment Nordstrom confirmed its decision to close its Santa Monica store...