SANTA MONICA, CA-A mixed-use multifamily complex here is thinking small. As in 375-square-foot apartments small.
The $50-million apartment project has twin buildings, called NMS@Lincoln after developer NMS Properties and its location at the intersection of Lincoln Blvd. and Broadway; and Luxe@Broadway. Both buildings began leasing last year and are 100% occupied.
The micro-unit trend is also catching on elsewhere across the US.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
