March 2, 2024 Breaking News, Latest News, and Videos

Five-Story Mixed-Use Development Seeks Approval in Downtown Santa Monica

Developer proposes 60 units and retail at 4th Street and Colorado Avenue

By Dolores Quintana

Worthe Real Estate Group has submitted an application to the City of Santa Monica for approval of a five story building that is a mixed-use residential and retail space as reported by the Santa Monica Daily Press.

This new proposal would rise at the closed BancWest site on the corner of 4th and Colorado Avenue at 407 Colorado. It would be a 60 unit complex with roughly half being studio units and the other half being one bedroom units. Six of the one bedroom units would be deed restricted as affordable housing for very low income households. The proposal lists no planned parking structure. The commercial space would cover nearly 7,000 square feet and shows a coffee shop as one of the proposed retail outlets in that space on the first floor.  

The 407Colorado.com website says “The project site is located in the transit adjacent zone of Downtown Santa Monica, directly across from the Downtown station for the Metro E Line. The proposed project will provide 20 short-term bicycle parking spaces for both residential and commercial uses. The project is eligible for relief from certain development standards pursuant to the state density bonus law.”

The referenced state density law or SDBL does permit specific mixed-use residential/retail projects that would exceed what is called the maximum floor allowance ratio (FAR) if they are eligible due to accessibility to public transportation or affordable housing units available in the structure. The FAR for this project is estimated to be 2.87, over the usually allowed FAR of 2.25, but the developers note that is lower than the maximum allowable FAR of 3.15. The developer said, as quoted by the Santa Monica Daily Press, “at a 2.87 FAR, the project as proposed will not utilize the full 50% residential FAR bonus.” The total square footage of the project is set at a total 43,047 square feet of residential space, 36,166 of which would be residential and 6,881 of which would be commercial.

The project’s developers held a remote community meeting to discuss the project with local residents on Zoom but would not supply the Santa Monica Daily Press with a recording of that meeting. The developer did post notes from the meeting that showed the developers answering questions from two residents who attended the meeting. 

A resident named Mary Ann asked, according to the note as quoted by the Santa Monica Daily Press, “What kind of retail do you imagine for the ground floor?” 

A summary of the answer, from Jeff Worthe of Worthe Real Estate Group, states, “Best guess would be food-related uses, likely grab and go due to high pedestrian traffic from the train to the pier. Having recently walked the Promenade on a weekend, was surprised how much vacancy remains in retail market currently.”

The second resident named Gitte Walton expressed her feelings about newcomers to the area and said that she felt that she was “being surrounded by thousands of people in new buildings and they’re not people that settle down and have kids.” Walton added that she “figures that’s how life went.” as quoted by the Santa Monica Daily Press. 

A spokesperson from Worth Real Estate Group was asked for comment and responded that it was their opinion that this development would be a great fit for the downtown area of Santa Monica which has a need for housing that fits the Regional Housing Needs Allocation (RHNA) levels set for the city of Santa Monica by the state of California. 

The project’s application was submitted on March 10 for administrative approval which would be the first step in the full application process to replace the former BancWest structure.

Related Posts

Construction Alert: Topanga Canyon Boulevard Faces Nightly Closures Starting March 4

March 1, 2024

March 1, 2024

Caltrans Announces 18-Mile Project Spanning Chatsworth to PCH Commuters in the Los Angeles area should prepare for significant delays as...

Film Review: Nyad

February 29, 2024

February 29, 2024

FILM REVIEWNYADRated PG-13121 MinutesReleased November 3rdOscar Nominations: Best Leading Actress, Best Supporting Actress “I failed many times, but I can...

Security Officers Being Deployed at Big Blue Bus Stations and Routes

February 29, 2024

February 29, 2024

The Guards will be provided by a firm with other security contracts with the city of Santa Monica  By Zach...

Leap Day Brings Once-in-Four-Year Deals at Popular Restaurants All Day Long

February 28, 2024

February 28, 2024

Krispy Kreme, Dunkin’, and More Roll Out Special Offers to Mark the Occasion Leap Day, that rare additional day occurring...

Sweet Lady Jane’s Social Media Tease Continues As Locations Sport Hiring Notices

February 28, 2024

February 28, 2024

Mysterious Posts Leave Fans Eager for the Return, But Questions Linger By Dolores Quintana After resurfacing on social media, the...

Upcoming Ice Cream Shop on Montana Ave. Will Serve Multitude of Vegan Flavors

February 28, 2024

February 28, 2024

The Company Has Come a Long Way Since Its Humble Beginnings as a New York City Food Truck By Zach...

(Video) Pro-Palestine Protest at the Beverly Wilshire Hotel

February 28, 2024

February 28, 2024

Protesters were there to protest the arrival of U.S. Representative Nancy Pelosi Counter-protesters drove by in a car. @smmirrornews Pro-Palestine...

(Video) Restaurants Replace Glass Front Doors After Late Night Robbery Spree in Del Ray

February 28, 2024

February 28, 2024

Seven restaurants and small businesses in Del Rey and Venice, including Nick the Greek and Dudley Market, were robbed. Council...

SMMUSD Appoints New Asst. Superintendent of Education Services

February 27, 2024

February 27, 2024

Dr. Williamson Will Assume Her Role on March 8, Bringing 17 Years of Education Experience In a special board meeting...

Hollywood Royalty to Shine at 96th Oscars: First Wave of Star-Studded Presenter Lineup Unveiled

February 27, 2024

February 27, 2024

Incredible Lineup of Actors and Previous Oscar Winners Announced Executive producer and showrunner Raj Kapoor, along with executive producers Molly...

Vote Smart, Vote Early: Streamlining Your 2024 Presidential Primary Experience in L.A. County

February 27, 2024

February 27, 2024

Skip the Lines and Save Time – Your Guide to Early Voting Options  In preparation for the upcoming 2024 Presidential...

Iconic Venice Beach Sculpture and Landmark to be Removed, Returned to Artist’s Property

February 27, 2024

February 27, 2024

Since the Money, Effort or Desire to Purchase the Piece Appears to Not Be There, the Artist Wants It Back...

(Video) Heartfelt candlelight vigils in Westchester and West Hollywood for Nex Benedict

February 27, 2024

February 27, 2024

The non-binary 16 year old student with Choctaw ancestry died in Owasso, Oklahoma after being beaten by three older high...

Sweet Lady Jane Sparks Hope of Return – Popular Bakery Hints at Reopening Across LA

February 27, 2024

February 27, 2024

After Abrupt Closures, Beloved Bakery Hints at a Comeback, Leaving Fans Intrigued  Sweet Lady Jane, a Los Angeles cake bakery...

Waymo’s LA Expansion Hits Roadblock: CPUC Temporarily Halts Self-Driving Company’s Plans

February 26, 2024

February 26, 2024

California Public Utilities Commission suspends Waymo’s service expansion for 120 days. California’s Public Utilities Commission (CPUC) has put a temporary...