A substantial portion of this space will be designated for a new Vons outlet. Moreover, a raised courtyard spanning 30,000 square feet will be a central feature of the building. As a prerequisite for approval, Related California will be obligated to allocate 84 of the newly constructed apartments for lease at rates below the prevailing market rates. These units will have occupancy restrictions applicable to households with earnings ranging between 30 percent of the local median income and the threshold of moderate income. Oversight of the new affordable units will be managed by the Community Corp. of Santa Monica

Read More: https://smmirror.com/2023/08/excavation-underway-for-mixed-use-project-with-280-apartments-above-vons-supermarket/