Madison Realty Capital's proposed 18-story tower in Santa Monica will feature 172 units, with 26 designated as affordable housing, addressing the city's housing shortage.
The design, by Ottinger Architects, includes a rooftop deck, large windows, and floor-to-ceiling glass, promoting a modern aesthetic while incorporating community needs for affordable units.
Acquired from WS Communities, this site now allows Madison Realty to leverage a builder's remedy, enabling them to bypass local zoning regulations amidst a broader housing crisis.
The project embodies a strategic response to California's housing demand, as developers navigate local policies to meet residential needs while still providing modern amenities.
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