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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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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