Local News in Brief : Development Gets 1st OK
The proposal for a $250-million office complex on a 17-acre lot in Santa Monica received preliminary approval from the Santa Monica City Council early Wednesday, despite objections from area residents that the development will cause too much traffic.
To muster support for the 1.26-million-square-foot project, known as Water Garden, developer Jerome H. Snyder conducted a door-to-door campaign among residents and agreed to several measures aimed at reducing traffic.
Snyder has pledged to pay the city $6.4 million in traffic improvement fees, widen access roads, promote a ride-sharing program and subsidize transit passes and bus tokens for employees at the complex.
Water Garden, which is to include a two-acre artificial lake, is planned for a lot bordered by Colorado Avenue, Olympic and Cloverfield boulevards and 26th Street, near the site of another major development, Colorado Place.
The proposal comes back before the council for a final vote in two weeks.
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