Related California Secures $385M Financing for Santa Monica Project
Privately-owned real estate firm Related California has secured $385 million in construction financing for 710 Broadway, a mixed-use residential community in Santa Monica, CA. Designed by LARGE Architecture, Marmol Radzinger and Studio-MLA, the development is scheduled to break ground in March, with completion set for late 2025.
710 Broadway will offer 280 rental apartments, including below market rate and affordable units, along with a 30,000-square-foot park, 35,000 square feet of retail and a 55,000-square-foot Vons supermarket. Bank of America is providing the construction financing.
“We are proud to continue our legacy of executing complex developments while expanding our existing footprint in thriving Santa Monica,” said Related California VP Larry Wilkes. “The centralized location offers convenient access to the best of the area – the Pacific Ocean, the mountains, culinary destinations and more – and we look forward to delivering a new hub for the community.”