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Neil Shekhter (Shekhter by Kevin Scanlon; iStock) It’s official: The largest multifamily development opportunity in Santa Monica in a generation is now on the market. WSC Communities’ 23-parcel portfolio, entitled for the development of over 2,100 units and over 1 million square feet of residential space, is being billed by the brokers as a chance for a buyer to become the largest multifamily landlord in Santa Monica, controlling about 7 percent of the city’s market-rate inventory. WSC is controlled by the family of prominent Westside landlord Neil Shekhter, and led by CEO Scott Walter....

Share via Shortlink NMS Properties’ Neil Shekhter and renderings of 1325 6th Street, 1437 6th Street, 1430 Lincoln Blvd. and 1318 Lincoln Blvd. in Santa Monica (Kevin Scanlon, WSC) In what looks to be the largest development portfolio offering in Santa Monica in a generation, WSC Communities will put 23 mostly entitled mixed-use sites on the market next month, The Real Deal has learned. Marketing the land after the city of Santa Monica already greenlighted over 2,100 apartments on the sites is a stunning turn for WSC, which is controlled by the family of prominent Westside landlor...