Blueprints Entail the Erection of an Innovative Eight-Story Edifice
Six months after securing a $385 million construction loan, significant excavation efforts are presently in progress for a novel mixed-use apartment complex initiated by Related California in Downtown Santa Monica, Urbanize LA reported.
The development, situated at 710 Broadway, took the place of a Vons supermarket along with its associated parking area. LA Urbanize reported that blueprints entail the erection of an innovative eight-story edifice that will encompass 280 residential units positioned above an approximate 90,000 square feet of commercial space on the ground floor.
A substantial portion of this space will be designated for a new Vons outlet. Moreover, a raised courtyard spanning 30,000 square feet will be a central feature of the building. As a prerequisite for approval, Related California will be obligated to allocate 84 of the newly constructed apartments for lease at rates below the prevailing market rates. These units will have occupancy restrictions applicable to households with earnings ranging between 30 percent of the local median income and the threshold of moderate income. Oversight of the new affordable units will be managed by the Community Corp. of Santa Monica.
The architectural design for 710 Broadway is being undertaken by Large Architecture, which is crafting distinct facades for the three frontages of the structure: Lincoln Boulevard, 7th Street, and Broadway. The plans entail a curvilinear configuration along Broadway, folding elements facing 7th Street, and undulating patterns along Lincoln Boulevard to the east. The final rendition is projected to showcase an external visage composed of brick facade, augmented by glass and wooden embellishments.
