Santa Monica, November 8, 2024 – The iconic bowling alley at 234 Pico Boulevard has been demolished, making way for a new mixed-use development. According to an article by Steven Sharp in *Urbanize Los Angeles*, Cypress Equity Investments, which acquired the property in 2020, is leading the project that will introduce four- and five-story buildings. The planned development includes 186 residential units, ranging from studios to two-bedroom apartments, alongside approximately 11,000 square feet of ground-floor commercial space. The project will also feature a three-level, partially underground parking structure with 346 parking spaces.
The revised project leverages updates to the state density bonus law, which allows for 19 deed-restricted affordable units and grants waivers for height and zoning limitations. KFA Architecture is overseeing the design, which has evolved since its last presentation to the Architectural Review Board in August 2022. The updated plans notably include the retention and reinstallation of the original “BOWL” sign to maintain a connection to the site's history.
No comments:
Post a Comment