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Construction to begin on Santa Monica housing-retail development

Roger Vincent Los Angeles Times
The Village at Santa Monica, shown in this rendering, will be the first major… (Moore Ruble Yudell)

The Village at Santa Monica, shown in this rendering, will be the first major… (Moore Ruble Yudell)


The $350-million Village at Santa Monica complex is another sign that the commercial real estate market is rebounding in choice areas.



In another sign that commercial real estate is thawing in choice markets, construction will officially get underway Thursday on a $350-million residential and retail development on Ocean Avenue in Santa Monica.

The complex, called the Village at Santa Monica, which mixes luxury condominiums and affordable apartments, has been in the works for more than six years. The project is being built by New York developer Related Cos. on a 3-acre site once owned by think tank Rand Corp.


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