Real Estate

133-Unit Apartment Project Proposed Near Santa Monica E Line Station: Report

Developer Kennedy Wilson has filed preliminary plans for an eight-story building on Colorado Avenue.

The existing commercial building at 700 Colorado Ave. in Santa Monica, where a developer has filed preliminary plans for a new apartment project.
The existing commercial building at 700 Colorado Ave. in Santa Monica, where a developer has filed preliminary plans for a new apartment project. (Scott Snowden/Patch)

SANTA MONICA, CA — A developer has filed preliminary plans to replace a commercial building near Downtown Santa Monica's E Line station with a new apartment complex.

Urbanize Los Angeles reports Kennedy Wilson is proposing an eight-story development at 700 Colorado Ave. featuring 133 apartments above a three-level underground parking garage with 137 spaces.

According to the report, the project would include a mix of studio, one-bedroom and two-bedroom apartments. Fifteen units would be reserved as affordable housing in exchange for density bonus incentives allowing a larger building than zoning would otherwise permit.

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The proposal would replace an existing two-story commercial building. Urbanize reported the project is being designed by AC Martin and would include a rooftop amenity deck.

The application is in its early stages and was recently submitted to the city of Santa Monica's Community Development Department.

Find out what's happening in Santa Monicafor free with the latest updates from Patch.

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