Located between 4th and 5th Streets south of Arizona Avenue in the downtown area of the City of Santa Monica, the property consists of a little over 2.5 acres and is a "Resident-owned" property.
The City of Santa Monica is currently proposing to build a massive mixed-use commercial development project on this "Resident-owned" property.
The proposed project consists of the following:
12-story (148-ft tall) high-rise
420,000 sq. ft. of total building (nearly the same size as the Santa Monica Place Mall)
225 room hotel
200,000 sq. ft. of commercial work-space
40,000 square feet of retail
48 affordable housing residential apartment units
Impacts to Residents:
A commercial development located on this "Resident-owned" property would eliminate the potential for a grand 2.5-acre downtown green-space park for generations to come.
Severely alter the Santa Monica skyline.
Creating shadows from the 12 story (148-foot) tall structure.
Last Tuesday developer NMS Properties and Neil Shekhter, its founder and CEO, were found by the Los Angeles Superior Court to have committed “massive, intentional, coordinated efforts to destroy evidence,” “fraud,” and “perjury.
Santa Monica tops statewide list for a variety of jobs:
Police Chief: $478,000, highest statewide.
Police Sergeant: $475,546 highest statewide.
At $393,603, $385,000 and $380,000, Santa Monica police sergeants also occupied the 4th, 6th and 7th highest spots on the statewide list.
Deputy Police Chief: $455,914, highest statewide.
Assistant City Attorney: $442,414, highest statewide.
Assistant City Manager: $440,661, highest statewide.
City Attorney: $439,969, 2nd highest statewide.
Farmers’ Market Supervisor: $142,903.
Assistant City Librarian:$220,558.
This excess is pervasive throughout the City, with Santa Monica outspending its peers in total department wide spending as well: (more)
