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Developer Betting on Ambitious Apartment Construction Plans in Difficult-To-Build California City

WS Communities Buys Land in Santa Monica Ahead of Multifamily Development
Properties at 1925 Broadway in Santa Monica, California, have sold to a developer with mixed-use plans. The city of Santa Monica long has been unfriendly to new housing development despite being one of the most desirable places to live in Los Angeles County. (CoStar)
Properties at 1925 Broadway in Santa Monica, California, have sold to a developer with mixed-use plans. The city of Santa Monica long has been unfriendly to new housing development despite being one of the most desirable places to live in Los Angeles County. (CoStar)
CoStar News
January 26, 2023 | 9:10 P.M.

A developer has bought a redevelopment site in the seaside city of Santa Monica, California, in a show of confidence it can turn the properties into future housing under a state provision aimed at bolstering badly needed residential construction.

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