NEWS & UPDATES 

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October 2003 Santa Monica Market Update

2834 Colorado, Santa Monica.  Proposed development project.  Draft EIR available. Proposed are 145 units. 228 sub parking. 29 studios 109 one bed 7 2 bed.  Fifteen of the one beds would be deed restricted for occupancy by very low income. Project design calls for units built around 3 interior courtyards. 

Nighties & Naughties retail clothing store has leased 2804 Main Street, Santa Monica. 

1435 Ocean Avenue.  The restaurant know as Zenzero (which has been closed forever) has been sold. 15,000 sf lot with 3,500 sf building.  Estimated price of over $6,000,000.00 (not confirmed). 

4th & Arizona.  The new Circuit City store is under construction. They are remodeling the former headquarters building for Santa Monica Bank. 

5th & Santa Monica. The site which was at one time to be a Target Store 5th & Wilshire is now under construction for four apartment projects.  200 plus units. 

Third Street Promenade.  Starbucks is opening a Starbucks Bar in the Hear Music space in the 1400 Block on the Third Street Promenade.

6th & Santa Monica - Former Pep Boys store has been leased to The Goodwill.  10,000 sf plus mezzanine.

Third Street Promenade. Quicksilver Clothing Company has leased the space formerly occupied by the Remi Restaurant in the 1400 block.

 

Corporate Offices 

501 Santa Monica Boulevard, Suite 702 Santa Monica, CA 90401

Phone: (310) 458-4100     Fax: (310) 393-4750

Contact us by email at muselli@muselli.net

Please note that the information provided above is from information we deem reliable but not guaranteed.  Unless stated to the contrary Muselli Commercial Realtors was not involved as a broker in any of the above transactions.