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Developer Planning 150 More Apartments Downtown

NMS Properties Inc., one of the biggest apartment builders in Santa Monica, proposes mixed-use projects at Fritto Misto and Performance Bicycle. New project by separate developer also planned a couple blocks away at 603 Arizona Ave.

The president of one of the biggest apartment developers in Santa Monica says he loves eating at Fritto Misto, but isn't sure what the restaurant's future will hold if his company redevelops the downtown property.

Jim Andersen, president of NMS Properties, told the Santa Monica Daily Press on Thursday that he has not addressed what will become of the Italian restaurant. 

In December, NMS filed applications with the city for development agreements at 601 Colorado Ave., where Fritto Misto is, and at 501 Broadway, the current site of Performance Bicycle.

Santa Monica Now Juggling 32 Development Applications

The very early plans call for two separate mixed-use projects that would total 150 residential units. Combined, they would have 219 parking spaces and 17,400 square feet of ground-floor commercial and retail space. Each building would be six-stories tall. Both projects require City Council approval.

They are among the latest applications for development agreements to be filed with the city. Three others have since been filed:

  • 1613 Lincoln Blvd.: Five-story, 56-unit mixed-use building with 3-level subterranean garage. Submitted Dec. 11, 2012 by Gregg Goldman, Cypress Equity Investments LLC.
  • 1431 Colorado Ave.: Four-story, 50-unit mixed-use Building with 10,475 square feet of ground floor retail and 2,110-square-foot restaurant, 1,800-square-foot activity room and 1,100-square-foot recreation room; three levels of residential and three levels of subterranean parking. Submitted Jan. 8, 2013 by Shahab Ghods, Plus Architects.
  • 603 Arizona Ave.: Six-story, 39-unit mixed-use building totaling 50,00 square feet with 2,500 square feet of ground floor retail and three levels of subterranean parking. Submitted Jan. 8, 2013 by Gregg Goldman,
    FSTAR 1641 LLC.

NMS opened new apartment buildings at 1420 and 1430 Fifth St. in Santa Monica in December. They were one-third leased as of Jan. 29. Rental prices start at $2,695 for one-bedroom units, and $3,795 for two-bedroom apartments, the developer said.

To read the Daily Press story, "Developer files plans for 150 more units Downtown," click here.


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Jayne February 16, 2013 at 09:53 PM
Santa Monica City Council, JUST SAY NO!!!!!
Dan Charney February 16, 2013 at 10:48 PM
This terrible company making apts for the rich and ripping down everything worthwhile in Santa Monica for so long should be thrown out on his rear end- he is ruining this city with his boring architecture and cookie cutter mix- use- these are only for the rich and upper end- he needs to go - all his DA apps should be pulled- he is the worst of them all- I am sure he is staying up grieving over what struggling Fritto Misto will be put through- what is one restaurant when he destroys all that matters in this city with no one stopping his filthy money and lack of talent- caring or imagination
Keith Martin Kaucher February 16, 2013 at 10:58 PM
Yeah just what we need more people living in this already over developed city that is bursting at the seams to hold all the people that come here to work and sight see. The brain surgeons running this city are destroying it, knocking down two and three historical buildings at a time, this city is going to turn into a dark shadowed over congested rats nest like down town LA. We need to get these short sighted greedy ruinous jerks out of City Council.
Mara T February 17, 2013 at 02:25 AM
Please... STOP the development... the thought of more high rise buildings on our streets is depressing.
Mara T February 17, 2013 at 02:26 AM
KEEP the restaurant, dump the development.
Fred Alexander February 17, 2013 at 02:53 AM
The question is what is the incentive to allow the building of this crap?
Valerie Ferguson February 17, 2013 at 04:59 AM
This totally smacks of "kick-backs" but there's nothing you can do unless there is a demand for ALL of the city council members to be recalled...if that is even possible.
Steven Rosen February 17, 2013 at 05:08 PM
Another classic Santa Monica landmark will soon bite the dust. The city is becoming a solid block of "mixed usage" buildings that will have empty retail spaces and very little in the way of promised low income housing. This needs to stop!!!!
SantaMonicaNative February 19, 2013 at 08:09 PM
Gee, just what we need, more overpriced rabbit warrens. It has to stop. I try never to go below Lincoln , it's gridlocked most days. Used to be that Santa Monica Bl. was the worst but most east west streets are equally bad. It seems that the development, Which now seems to be a minimum of 4 stories never ends. The entire character of the city is being changed bit by bit, and not for the better.
Jill February 19, 2013 at 11:23 PM
Never in my dreams would I think driving on Bundy to get home to East Santa Monica a privilege. That is where living in Santa parking meter has become, we avoid driving in our city that we pay huge taxes for nothing.
Tom February 20, 2013 at 04:07 PM
With the city counsel's hands in these developers pockets the city of Santa Monica is destined to be destroyed. Downtown SM is already overcrowded and a nightmare to get around yet they want more development. Where is the infrastructure? They also are developing the papermate plant. How about another business for more revenue. It's turning into Manhattan NY. Where is our beautiful beach city
Tom February 20, 2013 at 04:07 PM
With the city counsel's hands in these developers pockets the city of Santa Monica is destined to be destroyed. Downtown SM is already overcrowded and a nightmare to get around yet they want more development. Where is the infrastructure? They also are developing the papermate plant. How about another business for more revenue. It's turning into Manhattan NY. Where is our beautiful beach city
Dan Charney February 21, 2013 at 12:58 AM
we are already basically destroyed- take a look at the map of what is planned with these people- our beach city is gone and it will not stop until we stand up and make it stop - RECALL and throw this developer out on his keister- NOW- he is the monster that brought us this bought off council ( not you RMcK )
Dan Charney February 21, 2013 at 01:01 AM
Well there are tons of us on here- what are we going to do about it? For one thing- this city should trim the fat - at the top and bottom- 1 employee per hundred residents is plenty and let them pay for their medical or part of it- now it's 1 to 35 residents- what a ball they are having -half of them working on repetitive crap - enough =when do we all stand up and throw them and these developers out? If we dont' organize and recall everyone but Mc K- we are doomed- they are eating us alive and they could not care less and they are bought- I
Dan Charney February 21, 2013 at 01:18 AM
Mara T- "leave the gun- take the cannolis" I am with you
Dan Charney February 21, 2013 at 01:19 AM
Mc K is okay- he stopped the DA on the VTP- he is a good guy
Lou Averbach February 22, 2013 at 03:51 PM
Being as the traffic is already overloaded why would anyone approve of so much additional development. Time for a lower density higher parking requirements. If the City wants to put a burden on residents it's time to change those in the position of decision making. If city workers had to commute using Santa Monica Bl, the laws were be changed overnight.
Brenda Barnes March 09, 2013 at 10:29 AM
And Fritto Misto! Of all the epitomes of great local restaurants in the whole world, this is one. I went to it the first week it opened and loved the greens and gorgonzola salad as much as I still do. NMS--not so much, in fact not at all. .I was looking at that ugly building they put on the corner of Olympic and 20th after I had stopped at the light one day, and I was so upset I hit the car in front of me. Who thinks crossed gray boards are a design statement? The same types that think putting 377 jail cells people will pay to live in on 4 acres where Village Trailer Park has 109 separate homes owned by individuals now and has had for 62 years is a great idea. All we can do is recall them all unless they prove by their actions they will not support this--http://www.meetup.com/Take-Back-our-City/?gj=ej1b&a=wg2_rdmr..
Dan Charney March 09, 2013 at 09:51 PM
I believe it's James Anderson and Neil Shekhter that own NMS- let's refer to them by name now- it might help to put a face on who is making our city so bland and ripping it apart- instead of NMS which somehow we cannot connect to anything but offices-after all- corporations are people - eh? so let's name the people involved- and there is no time whatever -
Brenda Barnes March 11, 2013 at 07:34 PM
Great idea. One tip given occupiers about how to win public relations support against banksters said "Make it personal." That meant go picket at their homes, say their names every time you refer to what they did, and on and on. It's interesting that in the guise of "civility," the SM City Council won't let you speak to individuals--you have to speak to the whole Council as though it were some monolith or hallowed institution. Courts do the same. It's a trick to keep people ineffective in fighting individuals doing wrong. Another person we should attack personally is lovable Lawrence Welk. He's dead, but his money goes on, and Marc Luzzatto claimed in 2006 Welk Realty was the new manager of Village Trailer Park. We have never seen a sign of anyone named Welk in almost seven (7) years now since Luzzatto said that. I believe if Welk is made aware of how Luzzatto is lying, cheating, and trying to steal homes old people own--in the name of Lawrence Welk, a friend of the old--they would disassociate themselves from him. So that's something anyone who wants to take on a job can do. I think Kevin Welk became president when Lawrence Welk died, that was the end of Luzzatto's presidency, and ever since then, Welk has had nothing to do with Luzzatto as he's done nothing but lie, cheat and steal, in Oxnard and here. He's an amateur who needs the City--which is also amateur once it is opposed by citizens. We need to make it personal against all of them.
Brenda Barnes March 12, 2013 at 04:35 AM
You can see the DA on VTP was not stopped. It was just a delay, and on REALLY trivial grounds. They let a developer (land speculator, really--his development can't be built on this jello land, but anyway, they let anyone for any reason) take away homes people OWN, and then think they're some Galahad for getting some affordable RENTAL housing? How many people who own their own homes in SM would trade them for a 325 sq ft RENTAL apartment and $20,000? Only apt dwellers who have no choice given the state law would take that bad a deal. We appreciate the delay, though. When there are 100 reasons this agreement with Luzzatto is illegal, there's lots of work to keep up with. Now we file our $59 million claim after they adopt this all-fired wonderful "compromise" between a devil and a monster. And we're serious, unlike Luzzatto who filed his lawsuit the same day he did his claim, so it was invalid from the get-go. What frauds. This won't be over until we win and are very rich. We deserve to be, with what they've put us through.
Dan Charney March 12, 2013 at 10:21 PM
There are other situations involved here too- in addition to not letting them break laws and take home out from under home owners ( vital ) - and stopping the huge and many developments- we need a program that actually works- in fairness for those displaced by buildings being torn down or using Ellis to evict apartment dwellers. $20 grand is zip- especially if your credit is damaged or you are low income- people who have lived in this community for 30 years are being ripped out and thrown out - they do not qualify for Community Core with it's severe restrictions and rules. If we are to throw people out of their homes ( even rented ones ) - let's give them another comparable place- with no restrictions for the same amount- it's only fair- or soon- this city will be all fake mid-century or Tuscan condos with only those newer or richer in this city- no doubt- this won't take that long either- I am all for re-hab of streets- and bike lanes etc- but it's interesting where they are doing it - all areas somewhat still 'sleepy' not upgraded yet- as soon as those streets are 'greened' those older apt buildings value will go way up - encouraging the owners to sell- let's have somewhere fair and good for those lower income folks to go-

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