|
|
11/10/21
|
Meta Housing Corporation has broken ground on Palmdale Terrace, a 151-unit affordable multifamily housing development in Palmdale. The project, located at SW 25th St East and East Ave, is being built by RAAM Construction Inc. It is expected to be completed in May 2023.
Palmdale Terrace will consist of a three-story building connected to a two-story building, offering a mix of one-, two- and three-bedroom units. All units will have fully equipped kitchens and bathrooms with onsite amenities including spacious community gathering areas, a shaded picnic area, a large children’s play structure, and a dog park. Two units will be dedicated for onsite managers, who will reside at the property and ensure that the residents and the neighboring community have a constant point of contact.
The development is situated in close proximity to 7-Eleven; restaurants including Doublz, Las Cazuelas, El Cevichazo, and El Pollo Loco; schools including Palmdale High School and Manzanita Elementary School; and public parks including William J. McAdam Park.
“There is a deep need for new and affordable housing in Palmdale, as vacant housing units currently sit at just 7.4%” says Richard Lara, President of RAAM Construction. “Palmdale Terrace will help fill this void in the community by providing brand-new, fully equipped and affordably priced residential units for families and individuals that need it most.”
Other firms involved in the project include Western Community Housing, AMJ Construction Management and Y&M Architects. The development will provide new residences for individuals and families in the Palmdale market earning between 30% and 60% of Los Angeles County’s median income. Valued at roughly $60.9 mil, the project is being developed with the help of a construction loan from Pacific Western Bank, and potentially other sources, for $40.5 mil.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
