Cypress Equity starts work on mixed-use project in Santa Monica

The 66-unit building adds to the growing number on Lincoln Boulevard

TRD LOS ANGELES /
Aug.August 10, 2018 09:00 AM
Cypress Equity founder and CEO Michael Sorochinsk

Cypress Equity Investments has begun work on its 66-unit apartment building in downtown Santa Monica, the latest residential development to rise in the area in recent months.

The Los Angeles-based developer’s four-story mixed-development is at 1641 Lincoln Boulevard, Urbanize reported. There will be 7,000 square feet of street-level retail space, according to Cypress Equity’s website. There will be a three level underground garage with 93 parking spaces.

KFA Architecture of Santa Monica topped the building with a landscaped roof deck. Some of the materials for the exterior include rustic concrete finishes, reclaimed wood, distressed metal and textured glass. It will be completed next year.

Cypress Equity has numerous multifamily and mixed-use developments scattered around the country, including several in L.A. and Chicago, one in New York and one in Fort Lauderdale, Florida.

The Lincoln Boulevard area has seen an uptick in construction activity.

Developer Wiseman Residential proposed a 44-unit mixed-use project at 1808-1816 S. Lincoln Boulevard in Venice. The company plans to include about a half-dozen “very low income” apartments and 3,000 square feet of ground-floor retail.

Also in Venice, a 77-unit residential development at 2452-2454 Lincoln Boulevard was proposed. It’s around the corner from a 56-unit development planned last year. [Urbanize] — Laurie L. Dove


Related Articles

arrow_forward_ios
CEO of Amazon Web Services Andy Jassy

A top Amazon exec buys in Santa Monica

A top Amazon exec buys in Santa Monica
WS Communities CEO Scott Walter and VP of Finance Gregory Proniloff, Madison Realty Capital’s Josh Zegen, 1433 Euclid Street in Santa Monica; and rendering of mixed-use project at 3030 Nebraska Avenue in Santa Monica (Credit: Google Maps and Madison Realty Capital)

WS Communities nabs $150M loan for six renovations and a development site

WS Communities nabs $150M loan for six renovations and a development site
6156 Ramirez Canyon Road and 20 37th Place (Credit: Redfin)

This way to the beach: Homes next to ocean topped priciest sales

This way to the beach: Homes next to ocean topped priciest sales
Shops were looted in Santa Monica (Credit: Mario Tama/Getty Images)

Looters cleared out retailers while police clashed with protesters in Santa Monica and Long Beach

Looters cleared out retailers while police clashed with protesters in Santa Monica and Long Beach
Related California CEO William Witte and the project site (Credit: Google Maps)

Related California eyes latest project in Downtown Santa Monica

Related California eyes latest project in Downtown Santa Monica
From left: Alan, Adam, and Alex Shekhter, with renderings of 501 Broadway and 601 Colorado (Credit: WS Communities and LinkedIn)

Shekhters’ WS Communities lands $157M loan to build 850 rental units in Santa Monica

Shekhters’ WS Communities lands $157M loan to build 850 rental units in Santa Monica
1314 7th Street, Santa Monica and Divco West CEO Stuart Shiff

Rockwood Capital pays $66M for Santa Monica phone building

Rockwood Capital pays $66M for Santa Monica phone building
Adam Shekhter and the 1415 5th Street project

WS Communities boosts affordable housing plans in Santa Monica

WS Communities boosts affordable housing plans in Santa Monica
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...