A full city block in Santa Monica is slated for transformation into an eight-story residential building. Trammell Crow Company has proposed replacing an existing office complex at 2716 Ocean Park Boulevard in Santa Monica with 456 residential units above ground-floor retail, Los Angeles YIMBY reported. The eight-story building would include 456 total units in studio, one-, two- and three-bedroom layouts. Of the 456 units, 46 would be designated for rent at below-market rates, allowing developer Trammell Crow to take advantage of density bonus incentives allowing a taller structure with more units than zoning rules would typically allow. The ground floor […]
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