Huge Creative Office Supply Will Hit Santa Monica

The two-building Santa Monica Gateway totals 200,000 square feet.

LOS ANGELES—Colorado Creative Studios is bringing much needed new construction creative office to the market. Ground has just broken on the Santa Monica Gateway, a two-building 200,000-square-foot property with subterranean parking located at 2834 Colorado Avenue. New development is rare in Santa Monica and there is a dearth of supply in the market. As a result, this development will help to satisfy the unceasing demand in the market.

“The developer owned the land for a very long time, and it has taken him years to this approved. It is the only new building of any consequence under construction in the market, and it is bringing much needed relief for new construction,” Carl Muhlstein, managing director at JLL, tells GlobeSt.com. Muhlstein is handling development management and lead leasing efforts for the property, along with his JLL colleague Tom Cherry.