California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Los Angeles  + Senior Housing  | 
Senior Housing Le Puente

Arboleda Senior Housing Construction Wraps Up in La Puente

Construction is complete on a $29 million affordable senior housing development in La Puente, CA. The 71,499 square-foot Arboleda Apartments consists of 74 apartment units in two conjoined four-story wood-frame buildings at 1040 North Unruh Ave.

This is a low-income area where budget-friendly housing for seniors is scarce, according to Richard Lara, president and CEO of RAAM Construction.

“The need for affordable housing has grown in recent years due to rising home prices and an overall housing shortage, and the COVID-19 pandemic has exacerbated that need immensely,” says Lara. “La Puente is a city with strong demand for affordable rentable units, and Arboleda Apartments will greatly serve the local community by providing brand-new residential units for seniors who could not otherwise afford housing in the area.”

RAAM worked closely with Meta Housing Corporation, a developer of affordable housing communities for families and seniors, along with AMJ Construction Management Inc. and Y&M Architects, to deliver the new residences.

Connect

Inside The Story

Richard Lara

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Development
RockefellerGroup-06a-cube