Seritage Growth Properties and Invesco Real Estate have announced the start of construction for The Mark 302, a new development that will transform the historic Sears building in Santa Monica into a mix of commercial offices and retail space.
The property, located just west of the Expo Line's Downtown Santa Monica terminus, will total 100,000 square feet of rentable space. Plans call for using two upper levels in the building as office space, while its ground-floor and basement will function as a market hall.
House & Robertson Architects is designing the project, which will use new windows to flood the building's interior with natural light. Plans also call for activating its roof level as an amenity space for residents.
Completion of construction is anticipated in Fall of 2019.
The Santa Monica Sears was completed in 1947, and continuously operated as a sears until closing in April 2017. Seritage, a company formed to capitalize on the real estate holdings of the Sears department store chain, announced its partnership with Invesco earlier this year.
- Santa Monica Sears Archive (Urbanize LA)