At its July 28, 2020 meeting, the Santa Monica City Council voted to continue negotiations with Clarett West Development, LLC, and DLJ Real Estate Capital Partners, LLC to develop a 2.57-acre City-owned property bounded by 4th Street, 5th Street, and Arizona Avenue. The proposed project, The Plaza at Santa Monica, is the product of a competitive process initiated by the City in 2013.
Council’s action last night does not constitute final approval of the proposed project, but it allows staff to continue negotiations.
Read More: https://www.santamonica.gov/press/2020/07/29/council-to-continue-negotiations-for-proposed-plaza-at-santa-monica-with-new-priorities