The City Planning Commission next Wednesday will delve into an analysis that finds that 3.22 million square feet of new floor space could be built downtown through 2030 without exceeding the City’s goal of creating no net increases in peak evening rush-hour trips.
A 2012 study by RCLCO Real Estate Advisors found downtown Santa Monica had the potential to add as many as 2,500 new residential units, 200,000 square feet more of regional retail space, 58,000 square feet of local retail/office space and 1,500 hotel rooms.
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