Ocean Avenue Project (File image)
Residents will get their first look at the new Frank Gehry hotel proposed for Ocean Avenue and Santa Monica Boulevard at a public meeting hosted by the developers Thursday night.
The current proposal for the 22-story hotel includes 125 hotel rooms and an additional 22 condominiums at the top of the building. A public observation deck caps the structure, and the developers also proposed a 36,000-square-foot museum to the north of the hotel site utilizing two landmarked buildings already on the property.
The Worthe Real Estate Group, one of two companies developing the site, estimate that the project will generate $72.7 million per year in direct and indirect spending, 1,394 jobs and $4 million in new tax revenue to City Hall.
The presentation will be held Thursday, March 21 at 7 p.m. in the multi-purpose room of the Main Library at 601 Santa Monica Blvd.