Things look to be getting back on track for Santa Monica's huge East Village development, which was approved by the city council in November and then unapproved a few weeks later. After developer Mark Luzzatto brought a $50 million lawsuit against the city, Santa Monica Lookout reports that the two sides have reached a tentative deal: Luzzatto will reserve 41 units for those with "very low" incomes. The original proposal was approved with just 16 affordable units. The 377-unit apartment/condo plus retail project will replace Santa Monica's belovedly quirky Village Trailer Park, and has been in the works for years.
Part of the city's original agreement with Luzzatto included a donation of 14,400 square feet of the site back to the city, where 10 of the trailers could remain. In the new deal the city loses out on that arrangement, though 10 trailers will be allowed to remain on the property for up to 10 years. Additionally, all trailer park residents who are losing their homes have the option of moving into the 160 affordable units in the Civic Center Village, due to open next year. Santa Monica's city council votes on the new development agreement on March 19.
· New DA for Santa Monica Trailer Park Could End Two-Month Stalemate [SML]
· SaMo About to Get Sued Over Unapproved East Village Project [Curbed LA]