Much-Needed Affordable Housing Breaks Ground in Santa Monica
Las Flores Santa Monica will add 73 affordable housing units to the coastal city
By Greg Cornfield February 1, 2021 6:00 pm
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The Las Flores Santa Monica affordable housing project is rising in a coastal city where residential development comes few and far between.
R.D. Olson Construction broke ground on a 73-unit, 94,000-square-foot, affordable housing community at 1834 14th Street in Santa Monica, the firm announced. It’s expected to be complete in fall of 2022 with a mix of 35 one-, 19 two- and 19 three-bedroom units.
R.D. Olson is partnering with developer Community Corporation of Santa Monica and architect DE Architects on the project.
“Low-cost housing, particularly in high-cost areas, such as Santa Monica, is in extremely short supply in Southern California,” Bill Wilhelm, president of R.D. Olson Construction, said in a statement.
R.D. Olson is working on several asset types around the region. In October 2020, the construction firm completed a 145-room hotel in Glendale. In January, R.D. Olson broke ground on a 50-unit, five-building affordable housing community in the city of Fountain Valley in Orange County in a partnership with Related California. The project is expected to be complete in the first quarter of 2022.
Additionally, R.D. Olson is working on other affordable housing projects, including Amani Apartments, a 54-unit affordable community in Mid-City L.A.; Chesterfield Apartments, a 43-unit affordable community in South L.A.; and Lamp Lodge, an 82-unit affordable housing community in Downtown L.A.
