[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Houman David Hemmati, MD, PhD [@houmanhemmati](/creator/twitter/houmanhemmati) on x 71.3K followers Created: 2024-06-08 17:42:32 UTC 🤯 Further proof of how crime/homelessness have devastated retail in Santa Monica CA: In 2016, properties on Third Street Promenade sold for $5200/sq ft. Today, selling for $556/sq ft, nearly 10x LOWER! With violent attacks (including against today’s Mayor @PhilBrock4SM), smash/grab burglaries, homeless blocking store entrances, destruction of parking structures for $X MILLION/unit (including land values) “homeless housing” that takes nearly a decade to build, and the city council’s refusal to allow armed security on the Promenade (because police and guns are bad), it’s no wonder why Santa Monica has followed in the footsteps of Newsom’s SF. The city blames high rents and online shopping on this decline, but plenty of adjacent communities have a THRIVING retail sector because they prioritize public safety. We can’t continue on like this.  XXXXXX engagements  **Related Topics** [$556sq](/topic/$556sq) [$5200sq](/topic/$5200sq) [Post Link](https://x.com/houmanhemmati/status/1799497251410354466)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Houman David Hemmati, MD, PhD @houmanhemmati on x 71.3K followers
Created: 2024-06-08 17:42:32 UTC
🤯 Further proof of how crime/homelessness have devastated retail in Santa Monica CA:
In 2016, properties on Third Street Promenade sold for $5200/sq ft.
Today, selling for $556/sq ft, nearly 10x LOWER!
With violent attacks (including against today’s Mayor @PhilBrock4SM), smash/grab burglaries, homeless blocking store entrances, destruction of parking structures for $X MILLION/unit (including land values) “homeless housing” that takes nearly a decade to build, and the city council’s refusal to allow armed security on the Promenade (because police and guns are bad), it’s no wonder why Santa Monica has followed in the footsteps of Newsom’s SF.
The city blames high rents and online shopping on this decline, but plenty of adjacent communities have a THRIVING retail sector because they prioritize public safety. We can’t continue on like this.
XXXXXX engagements
