Cypress Equity breaks ground on eight-story mixed-use apartment project in Santa Monica

This post was published on Feb 9, 2026 on smmirror.com

The Wilshire Boulevard development consists of 140 apartments.

Construction is underway at a prominent Wilshire Boulevard site as Cypress Equity Investments moves forward with a new mixed-use residential project in Santa Monica.

Heavy machinery has recently been mobilized at 1902 Wilshire Blvd., where an eight-story development is planned. Approved plans call for 140 apartments built above approximately 7,000 square feet of ground-floor commercial space, along with a subterranean parking structure.

The project is advancing under a Santa Monica pilot program that allows a limited number of developers to satisfy affordable housing requirements at an off-site location. The program was designed to help revive developments that had stalled under previous regulatory constraints.

Under earlier proposals, Cypress Equity Investments planned to include 14 affordable units within the Wilshire Boulevard building. Those units will now be constructed at a separate project located at 1333 Seventh St., in accordance with the pilot program’s guidelines.

City records from 2024 show the development is designed as a contemporary podium-style structure featuring exterior materials that include brick, porcelain, concrete, and stucco.

Patrick Tighe Architecture is serving as the project’s architect.