A $50-million residential and retail complex has been completed at a busy downtown Santa Monica intersection by a local developer that specializes in building mini apartments in urban centers.
The five-story complex called NMS @ Lincoln at the northwest corner of Lincoln Boulevard and Broadway has 97 units and stands next to a sister project of similar size called Luxe @ Broadway that opened last year.
Both properties are composed of 375-square-foot apartments developer NMS Properties calls “micro units.” NMS has built more than 400 such units in Santa Monica in the last decade, President Jim Andersen said.
The median-sized U.S. home is more than 2,000 square feet, according to a Census Bureau report. Micro units are about the same size as a large recreational vehicle and have the same design imperative: Fit as many features as possible into a small space -- but don't make it claustrophobic.