Former Santa Monica Sears To Transform Into 100K SF Mixed-Use Development
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With views of the beach and Pacific Ocean and a downtown landscape, The Mark 302 will feature a multi-level workspace with natural light, a private rooftop deck, indoor and outdoor workspaces, and retail and restaurants on the ground floor.
The project will convert the building at the gateway to Santa Monica into a breathtaking office and retail destination, Seritage President and CEO Benjamin Schall said in a news release.
Sears had operated at that Santa Monica location for nearly 70 years. It closed last year. The building became a city landmark in 2004.
Earlier this year, Seritage sold a 50% interest in the Santa Monica project to Invesco for $50M.
The Mark 302 is expected to open in fall 2019.