Monica Developer Proposes Major
Project in West LA
By Lookout Staff
September 18 -- Santa Monica’s
biggest developer last week unveiled
three ambitious proposals to develop
a 10-acre Army Reserve property adjacent
to the Veterans Affairs medical complex
in West Los Angeles.
JSM Capital -- whose proposed and completed developments
amount to some 2,000 units in the beachside city’s
Downtown area -- hopes to build a combination
of hotel rooms and residential units, or a medical
facility, on the current site of the West Los
Angeles U.S. Army Reserve Center.
The company, owned by Craig Jones, was the only
bidder for the right to develop the property in
exchange for building three army reserve centers
totally $100 million in Bell, Miramar and Riverside.
One of the company’s proposals calls for
building 500 residential units with 1,000 parking
spaces and 300 hotel units with 500 parking spaces.
The other, smaller, residential proposal calls
for the same number of hotel units and parking
spaces, but drops the number of residential units
to 300 with 600 spaces.
A third proposal calls for a medical facility
totaling 1.5 million square feet with 7,500 parking
The plan seemed to worry neighboring residents
who viewed the proposals at a meeting last Tuesday,
according to press reports.
The proposals also seemed to concern LA City
and County officials, who worry they are too high-density
and would bring too much traffic to the already
Jones, who has been developing residential projects
in Pasadena and North Hollywood near mass transit
stations is pitching his West Los Angeles proposals
in conjunction with the proposed Expo Light Rail
line to the sea.
The stalled project got a major boost
this month when the California Transportation
Commission greenlighted $315 million
to help bring the rail line being
built to Culver City to Santa Monica.
But the project is still a decade
away from being completed, if it is
built and all. (see
Jones – whose apartment buildings line
much of 5th, 6th and 7th streets in Downtown Santa
Monica – recently proposed a 125-unit condominium
project that would be likely the largest ever
in the beachside city.
The Planning Commission declined
to take action on the projevct in
July, after several members charged
that the Environmental Impact Report
(EIR), economic feasibility and traffic
studies, and circulation plans were
poorly drafted. (see