One of L.A.’s most active apartment developers has purchased the site of the Wertz Brothers Antique Mart in Santa Monica as dramatic changes are planned for properties near a future stop on the light rail Expo Line.
Wertz Realty Investments sold the antique store building and parking lot at 1613 Lincoln Blvd. to Century West Partners for more than $11 million, public documents indicate.
Century West plans to incorporate the site into its proposed Lincoln Boulevard Collection, which is to be comprised of four apartment buildings on Lincoln Boulevard with a combined total of 421 units. The complex is to have shops and restaurants on the ground floor.
City officials have approved mixed-use development around stops on the Expo Line that is to connect Santa Monica with downtown Los Angeles in 2016.