Furthering Anaheim’s Rebuild Beach initiative, Innovative Housing Opportunities (IHO) launched construction on an intergenerational 47-unit affordable housing community located at 208 So. Beach Blvd. The 28,327-square-foot property, called Lincoln Beach, will house low-income seniors with 10% of the apartments dedicated to youth transitioning out of foster care. Construction is set for completion by the third quarter of 2026.
Lincoln Beach is part of a larger mixed-income development at the site, which includes 60 market-rate and moderate-income for-sale townhomes developed by Brandywine Homes, set to begin construction later this year.
“Through our comprehensive development strategy and partnership with Brandywine, we are creating an intergenerational high-performance community development model that makes home ownership attainable, and we further IHO’s commitment to social and economic mobility,” said Rochelle Mills, IHO president and CEO.
Lincoln Beach is part of Anaheim’s initiative to transform a 1.5-mile stretch of Beach Boulevard into a walkable and livable street with new homes, businesses and public spaces. Launched in 2021, the initiative is focused on demolishing motels and other blighted buildings to make way for redevelopment opportunities.
Be there for insights from multifamily industry leaders on Sept. 11, when Connect Conferences will hold a nationwide in-person event. Register here for Connect Apartments 2025, taking place in Los Angeles at the Fairmont Century Plaza.
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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