Last January, there was a Globe St. story about Santa Monica Plaza, a 63-unit mixed-use project planned for the northeast corner of Santa Monica Boulevard and Federal Avenue in West LA. Designed by Santa Monica-based firm Killefer-Flammang Architects and developed by Beverly Hills-based Maxxam Enterprises and Los Angeles-based Wiseman Development, the project took advantage of city-offered incentives and bonuses, including allowances for increased height along Santa Monica Boulevard. The reaction from one commenter about the story: "Not. Gonna. Happen." And you would be right, Gray Box. The site has been listed for $8.7 million. How they're selling it: "Santa Monica Plaza is located in the heart of West Los Angeles, a submarket that boasts the highest home prices, rental rates, and lowest vacancy rates in the Greater Los Angeles area. Major transportation corridors such as Wilshire Boulevard, the 405 and the 10 freeways surround the property allowing for easy accessibility to numerous employers, cultural attractions, and the Pacific Ocean."
· More Mixed-Use For West LA: Santa Monica Plaza Announced [Curbed LA]
· 11567 Santa Monica Blvd [Curbed LA]
· Maxxam, Wiseman JV Plans $60M Project [Globe St]