Santa Monica is experiencing somewhat of a new construction apartment building boom. And while most of these planned units will go for several thousand dollars per month, the beachside city has long required developers to reserve 30 percent of their units for affordable housing. If you’re not quite ready to move out of your current rental, but are curious to see what’s on the horizon, check out these five new construction apartment buildings that are scheduled for completion within two years.
1. The Millennium Santa Monica
Developer: The Dinerstein Companies
Location: 2930 Colorado Avenue
Est. completion date: Spring 2020
This Mid-City development will put future residents within walking distance of the Expo Line’s 26th Street/Bergamot Station in addition to the 17-acre Water Garden business complex, home to several major media and technology companies. Featuring studio, one- and two-bedroom apartments, as well as multi-level townhomes, Millennium promises an elevated living experience and a long list of amenities, including a multi-level pool deck, poolside aqua lounge, fully-equipped fitness center, spacious outdoor courtyards and a rooftop sky deck.
2. The Park
Developer: Witkoff
Location: 500 Broadway
Est. completion date: 2021
Construction at The Park is well underway and will bring 249 studio, one-, two- and three-bedroom apartments to a bustling corner of the city that’s mere blocks from the beach. As if that weren’t enticing enough, Downtown Santa Monica Station is a stone’s throw away, as are a myriad of brand-name stores, tasty restaurants and watering holes. The Park will connect with the surrounding neighborhood via public plazas and 55,000 square feet of ground-floor retail.
3. Catherine Santa Monica
Developer: Century West Partners
Location: Lincoln Boulevard and Colorado Avenue
Est. completion date: 2020
Phase 2 of Catherine Santa Monica will deliver 90 upscale apartments, resort-style amenities and 10,000 square feet of ground-floor retail space to the corner of Lincoln Boulevard and Colorado Avenue. The design-forward interiors will be defined by wood plank-style flooring, quartz countertops, European-inspired cabinetry, brass hardware and custom tile backsplashes. The building is pet-friendly and will boast several outdoor amenity spaces, like a landscaped roof deck with lounge seating and a cozy fire pit, as well as a courtyard with a pool and barbecues.
4. Santa Monica & Yale
Developer: LaTerra Development
Location: Santa Monica Boulevard and Yale Street
Est. completion date: Summer 2020
A colorful collection of 50 studio, one-, two-, and three-bedroom apartments is coming soon to Mid-City. Currently under construction, Santa Monica & Yale will offer an extensive array of amenities, rooftop decks and 10,337 square feet of commercial space at the ground level. A five-minute walk will put future residents along a stretch of Wilshire Boulevard that’s dotted with diverse eateries like Milo & Olive, Pacific Dining Car, Malbec Argentinean Cuisine and Casa Escobar.
5. 1550 Lincoln Boulevard
Developer: WS Communities
Location: 1430 5th Street
Est. completion date: TBD, under construction
Also under construction is 1550 Lincoln Boulevard, an architectural beauty that will feature 100 units spread out over five stories. Prospective residents will be able to choose from one-, two- and three-bedroom apartments, plus live-work lofts. Expect a rooftop pool deck, open-air courtyards, plenty of underground parking and 13,800 square feet of commercial space. 1550 Lincoln Boulevard is ideally located within walking distance of daily conveniences like Vons and CVS, in addition to local favorites such as Bodega Wine Bar and Solidarity.
