The Santa Monica Daily Press reports that the tower will house a 125-room hotel and 22 condos, plus two stories of retail and restaurants, and a three-floor subterranean parking garage with 460 spaces. But wait! There's more. A 36,000-square-foot art museum, incorporating two landmarked structures, is planned for next door. Finally, there are also plans for a separate apartment building on Second Street to meet the project's affordable housing requirement (and replace 19 rent-controlled units that would be lost to the development). The project is being developed by M. David Paul Associates--which owns the site--and the Worthe Real Estate Group. *The tower would not actually be taller than the 21-story building recently proposed for the Fairmont Miramar Hotel site--despite having one more story, it would come in about 18 feet shorter.