The Ocean Avenue project, which was first reported by the Santa Monica Daily Press, represents the first architectural initiative by Gehry in Santa Monica in more than two decades. The renowned architect, who turned 84 last week, lives in Santa Monica and his offices are in Los Angeles.
The developers of the project are M. David Paul Associates and the Worthe Real Estate Group. In addition to the tower, the developers are also planning to create a museum campus that will feature exhibition space.
The official website states that the tower will contain a 125-room hotel and 22 condominiums. The adjacent museum campus will encompass 36,000 square feet. A three-story subterranean garage will also be built.
Gehry's design calls for the use of white material molded into the architect's signature style consisting of wavy curves.
No completion date has been announced for the Ocean Avenue project, nor has an estimated price tag been reported.
Renderings of Gehry's design can be viewed here.