KEEPING YOU INFORMED IN SANTA MONICA

Mid-Wilshire-based developer CIM Group has silently broken ground on an apartment building in Santa Monica’s Ocean Park neighborhood.

This new project, calls for the construction of a four-story building featuring 47 studio, one-, two-, and three-bedroom apartments - including four extremely low-income affordable units - above 16,755 square feet of ground-floor commercial space and a two-level, 151-car parking garage.

CIM, which builds multifamily housing, offices, and hotels across Los Angeles County, is also an active developer in various other markets across the country.