Cypress Equity Investments buys four Santa Monica properties
By Dolores Quintana
A real estate firm has bought three Wilshire Boulevard properties, planning to bring several multi-story, mixed-use developments to the street, as part of projects that would bring over 300 units of housing to Santa Monica.
There are four new projects that Cypress Equity Investments (CEI), a development firm from Brentwood, is developing in Santa Monica as reported by Urbanize Los Angeles and the Santa Monica Daily Press. All but one of these projects are on Wilshire Boulevard.
The first project that CEI is conducting community meetings and applying for City entitlements for is at 2025 and 2501 Wilshire. Both buildings would be a mixed-use combination of residences and ground floor commercial space. 2025 Wilshire’s proposal calls for a four story building to replace the current one story commercial building that contains Chipotle and Veggie Grill…