Santa Monica CA renovations and new construction. Santa Monica New Projects and Renovations: Cities are growing and thriving when there is new construction and renovation of commercial and residential properties. Santa Monica, CA Oceanside city in west Los Angeles County is a model example. New construction is an indication the investors are encouraged by the affluent city’s stable commercial, residential and tourist environment. Due to the economy investors in the last few years put new construction on hold. Recent construction in 2012 and 2013 shows investor’s confidence that the economy and housing market is improving. Investments in Santa Monica reflects investor’s confidence in city’s proven affluent resident and commercial housing market. New construction and renovations in Santa Monica includes public parking lot and schools, new condominium and apartment building projects, new hotels and renovation of the historic Santa Monica Pier. Santa Monica is centrally located adjacent to Pacific Palisades and Venice, CA. Beach city is only approximately 30 minutes from Downtown Los Angeles. In early 1900s Santa Monica was a tourist town. Presently, the city is an prosperous upscale residential sea side city.