Meta Housing Corp has broken ground on a new 238k square-foot, seven-story affordable housing apartment complex in the western San Fernando Valley community of Woodland Hills known as The Alcove. The project is being built by R.D. Olson Construction.
The LEED-certified complex will offer units to families earning between 30% and 80% of the area median income, with restrictions for affordability to stay in place for 55 years.
The Alcove development is located at 21300 W. Oxnard Street, north of the 101 Fwy and west of De Soto Avenue. The community is near Pierce College and Topanga Westfield Mall. The first phase of construction will offer 173 units ranging in size from 620 sf studios to 1.3k sf, three-bedroom apartments, with completion expected for fall of 2025.
Amenities for residents will include a community room, designated exercise area, storage room for 200 bicycles, tot lot playground and common outdoor areas with barbecues. The first level will be dedicated to parking and management offices, with a 6,000 square-foot courtyard on the third level. Each floor will have its own laundry room and a centralized trash chute system.
Founded by Bob Olson in 1979 and led by President Bill Wilhelm, R.D. Olson Construction commemorates 40 years of building and is one of the top 40 general contracting firms in California. R.D. Olson Construction is a premier builder of hotel properties for several national hoteliers, including Marriott, Hilton, Hyatt, Ritz Carlton, and Starwood and has a robust portfolio of renovation projects including Atria Senior Housing, Chapman University’s Reeves Hall, the conversion of the historic Bank of Italy Building into the Nomad Hotel, and more. The firm also has a rich history as a builder of office, retail, restaurant, multifamily, education, senior living and recreational projects.
Since 1993, Meta Housing Corporation has established itself as one of Southern California’s most experienced and trusted developers of apartment communities for families and seniors, developing more than 6,400 residential units.
