Much-Needed Affordable Housing Breaks Ground in Santa Monica
Las Flores Santa Monica will add 73 affordable housing units to the coastal city
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.