Construction has begun on a 271-room luxury hotel and retail complex on Wilshire Boulevard and 7th Street in Santa Monica, according to the Kor Group, the real estate investment and management group developing the property.
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By Joel Kotkin
As its economy started to recover in 2010, progressives began to hail California as a kind of Scandinavia on the Pacific — a place where liberal programs also produce prosperity. The state’s recovery has won plaudits from such respected figures as The American Prospect’s Harold Meyerson and the New York Times’ Paul Krugman.
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Last year, Irvine-based developer SunCal dropped $130 million on a 14.6-acre property bordered by Sixth, Alameda, Mill, and Wholesale streets in the Arts District, and now, we finally know what’s planned for this enormous parcel. Developers have shared with Curbed renderings and plans for a massive multi-use complex that includes two, 58-story towers, rental units and condos, office space, retail, and a school; the site is currently home to two warehouses mainly used by food distributors.
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