LATEST NEWS Market-Rate Milestones in Santa Monica, Belmont & Pleasanton July 12, 2024

Two market-rate housing/mixed-use projects are wrapping up while a third community breaks ground. We’re delighted to see these new communities successfully navigate a challenging development climate.

In Santa Monica, Evani nears completion at 3223 Wilshire Boulevard. The 53-unit mixed-use project is contributing to a densification of this major Los Angeles corridor, and with panache! Hats off to Cypress Equity Investments, Integrare Group, and DFH Architects for carrying the design so faithfully through to completion.

In San Mateo County, The Hayden (developed by Carmel Partners) has opened 177 market-rate apartments within steps of the Belmont Caltrain station, making a significant dent in Belmont’s RHNA goal.

Last but not least, it’s very exciting to see the 300-home Avalon Pleasanton breaking ground! The multi-phase, 8.4-acre community developed and built by AvalonBay will introduce townhomes, walk-up apartments, podium flats, an amenities building, a 7,000-square-foot daycare, and a distinct sense of place to what was previously a business park parking lot.

Pyatok - Evani in Santa Monica

Evani in Santa Monica

Pyatok - The Hayden in Belmont

The Hayden in Belmont