Contributing to the Community

The Ocean Avenue Project will bring world-class design and meaningful economic benefits to the City of Santa Monica.

Investment in Santa Monica

$72.7 million
in direct and indirect economic impact
$4.0 million
in annual tax revenues to Santa Monica
1,394 new jobs
during operations*
*this does not include jobs created during construction

The Ocean Avenue Project at a Glance

A 1.9-acre site with 2.6 FAR
The 244-foot tall building with the height limited to 12% of the entire property, enables the project to include historic preservation, open space and public and cultural amenities
125-room hotel, spa, gym and swimming pool
9,500 square feet of ancillary meeting/banquet facilities
Approximately 15,000 square feet of street-level retail space
Approximately 14,500 square feet of street-level restaurant space
22 condominiums
19 replacement rent-controlled units, matching existing unit mix
Affordable residential rental units consistent with the City's Affordable Housing Protection Program
A subterranean parking structure
A new 36,000-square-foot museum campus that includes the adaptive reuse and preservation of landmarked Victorian and Spanish Colonial buildings as well as a new Gehry-designed museum