Eight months after breaking ground in Santa Monica, construction has progressed to the second floor above ground at the site of Magnolia Villas, a new senior affordable housing development from EAH Housing.
The $23.1-million project, located at 1445-1453 10th Street, will consist of a four-story edifice featuring 40 one- and two-bedroom apartments reserved for older adults making 60 percent or less than the area median income. The apartments will offer rents ranging from $548 to $1,136 per month, with preference to be given to applicants who already live or work in Santa Monica.
DE Architects is designing the project, which uses an array of cantilevered upper floors, inset balconies, and roof terraces to create a textured facade and amenity decks for use by residents.
At the time of the project's groundbreaking, completion was expected in Fall 2021.
EAH Housing, which is based in the Bay Area and has a Los Angeles office, is also in the final stages of construction at the Pointe on Vermont, another affordable housing complex in the Vermont Vista neighborhood.
The non-profit developer is in pre-development at additional projects in Santa Monica's Pico neighborhood and in Hollywood.
- Magnolia Villas (Urbanize LA)
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