Palisades Promenade, an office and retail building scheduled for ground breaking in mid-June, will become one of the major properties fronting Ocean Avenue in Santa Monica.
The $40-million project, to be located on Broadway and extending from Ocean Avenue to 2nd Street, is a development of CWD-Taiyo Broadway/Ocean Associates, a partnership of Taiyo Investments, USA, and Century West Development Inc.
The 106,430-square-foot building, designed by the Landau Partnership of Santa Monica, will be built in three tiers ranging from 3 to 5 stories and featuring landscaped patios on each level.
The steel-framed structure will have a limestone exterior in muted tones of cream and rose, accented with a green copper roof and green awnings. All windows will be operable to allow tenants to take advantage of the ocean breezes.