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Something's Being Built!: Santa Monica Edition

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SANTA MONICA: We're all about the The People's Republic of SM today. Here's a shot of a hole that will grow up to be a mixed-use building at Santa Monica Blvd. and 6th. Little info is to be found on the project, but we know that MEI Realty is behind it and there will be "40 high end residential suites over 8,500 square feet of retail. Completion of the project is slated for the fourth quarter 2012," according to MEI. The company managed to snag a $11.5 million construction loan to start financing and to that we say, "Bravo." [Curbed Staff]