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Apartment Project Breaks Ground in Santa Monica, California

Rising Rents, Expo Line Create Demand for More Units
A developer plans to build 249 apartments at a project known as 500 Broadway. (CoStar)
A developer plans to build 249 apartments at a project known as 500 Broadway. (CoStar)
By Karen Jordan
August 27, 2019 | 6:34 P.M.

An apartment-retail project has just broken ground in a prime location in downtown Santa Monica, California, a beach-side city where ground-up development has been limited in recent years but is picking up pace as rents climb to among the most expensive in Los Angeles County.

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  • Properties