700 Block of Santa Monica Blvd to be Torn Down in August for Block Apartment Building
The new buildings cropping up on Lincoln Blvd since 2018 remain 80% empty, but make way because here comes another one.
July 13, 2023
7/5/23: Tenants of Victor's Cleaning and Tailoring, Santa Monica Rubber Stamp, Crisp Imaging, Tibetan Arts and Santa Monica Guitar this week received notice that they must be out by August 15th, 2023. The one hundred year old structure is about to be demolished and replaced by density.
Four stories of pack and stack apartments will replace the 1920's era, one story building with parking in back. Downtown Santa Monica has pretty much turned over and into block apartments which rent for $5000 a month for a two bedroom. The new buildings cropping up on Lincoln Blvd since 2018 remain 80% empty (because people who can afford more than $5000 a month prefer to buy, not rent).
Some of the businesses will reopen elsewhere, where other business owners will retire.