The Council on Tuesday is expected to green-light an Exclusive Negotiating Agreement (ENA) with Cypress Equity Investments (CEI), which is offering to pay $30.25 million, and potentially as much as $35 million, for the 7 parcels on the 1600 block of 5th Street.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2026/November-2026/11_12_2026_Affordable_Housing_Storage_Facility_Proposed_Downtown.html