City Council has approved a Development Agreement for a new 7-story building at the site formerly occupied by Fred Segal (500 Broadway).

...the developer will provide land for a new, separate, affordable housing project at 1626 Lincoln Blvd. The 100 percent affordable project will be managed by Community Corporation of Santa Monica and include 64 residential units.

Read More: http://smdp.com/7-story-building-approved-at-former-fred-segal-site/155390