Tishman Speyer pivots from an older five-story design to a larger 110-unit development with off-site affordable housing.
Tishman Speyer is moving forward with a significantly expanded vision for 1318 Lincoln Boulevard, replacing the previously approved five-story plan with a new eight-story residential development, according to a new website.
The New York-based firm, which acquired the site from WS Communities roughly five years ago, is now proposing a 110-unit market-rate complex on the property currently used as a parking lot.
To satisfy local requirements, the developer intends to provide 11 off-site affordable units at a separate location on 5th Street. This new iteration of the project represents a major density increase from the 2018 approval, which only called for 43 apartments and ground-floor commercial space.
The updated design includes three levels of subterranean parking for 95 vehicles alongside a suite of indoor and outdoor residential amenities. Because the developer is seeking administrative approval under Santa Monica’s housing statutes, the community will have a chance to review the specifics during an upcoming virtual forum. The building has been designed by Ottinger Architects.
Information for the project has been released on the project’s website.
A community meeting is scheduled for Thursday, April 16, at 6:00 p.m., where representatives will present the Lincoln Boulevard project, followed by a separate proposal for 1325 6th Street at 7:00 p.m. Residents are invited to attend the virtual Community Meeting. The projects are proposed as Administrative Approval – Housing Projects, pursuant to SMMC 9.39.020 (A)(1). You can attend by clicking on this link: https://us02web.zoom.us/j/85784121865?pwd=czIdcCB0l2g6OtKAu7ppYpjUyKCLlx.1
