Company News

Olson Homes Plans New Home Communities in Westchester and El Segundo

December 22nd, 2011

Olson Homes Purchases Two South Bay Sites For New “Gateway Walk” and “Pacific Walk” Communities; Construction to be Completed in 2012

SEAL BEACH, CA. – The Olson Company, the leading developer of in-town urban living, announces plans for two new residential communities in the Los Angeles area. Closing on two plots in the areas of Westchester and El Segundo for the planned communities of “Gateway Walk” and “Pacific Walk“, Olson plans to complete construction by 2012.

Olson Homes plans to create a 14 unit single family detached residential community in Westchester, with homes between 1,800 and 1,821 sq. ft., featuring 3 bedrooms with additional loft space, 2.5 baths, and 2 car garages. The new El Segundo community will consist of 12 attached townhomes, ranging in size from 1,597 to 1,622 sq. ft., with 3 bedrooms, 2.5 baths, and 2 car side-by-side or tandem garages.

Expected to be completed in 2012, both new home communities will offer desirable commutes to the nearby employment centers in the South Bay – including Los Angeles, Hawthorn, Manhattan Beach, and Marina Del Rey, as well as close proximity to the nearby beaches, and many retail, dining and entertainment options. With simultaneous construction, potential home owners interested in the South Bay will have the choice of townhome or single family detached living.

The homes, built to exceed LEED green living standards, will include energy efficient amenities including Energy Star appliances; water efficient and lead-free faucets; highly water efficient toilets; auto shut-off motion sensors in all baths, space saving tank-less water heaters, and built-in recycle bins, among many other features.

“Olson Homes looks forward to building competitively priced homes in the Westchester and El Segundo communities, our fourth and fifth communities in the South Bay area,” said Steve Olson, Chairman/CEO of The Olson Company. “The new communities will create jobs and fill a need for affordable housing in the area, as well as further underscore our commitment to building in ‘walkable’ areas.”

The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to the homebuyer as top priority. With its notable homeowner satisfaction, The Olson Company has garnered prestigious Eliant Awards in six categories in 2010, including a number one ranking for the “Design Selection” experience, and second for delivering an incredible experience during the Purchase, Construction, and Customer Service phases, and ranked second for “Overall Quality” and “Sales from Referrals.” The Olson Company believes in “livability,” and implements a thoughtful and detail-oriented approach from concept through execution. As part of their unique approach to providing these communities, The Olson Company understands all that goes into buying a new home and provides tailored services to support the needs of homebuyers, such as financial education and continued support services.

To learn more about Olson Homes please visit www.OlsonHomes.com.

About The Olson Company

Established in 1988, The Olson Company and the Olson Homes brand are nationally recognized for creating unique in-town neighborhoods in urban communities throughout California. Headquartered in Seal Beach, California, The Olson Company has successfully partnered with governmental agencies and private landowners to create innovative housing solutions designed to fulfill the lifestyle needs of today’s buyer. The company works diligently with community and neighborhood groups to build a high level of awareness and broad-range community consensus around its neighborhoods. The Olson Company was awarded the prestigious “Builder of the Year” award by Professional Builder Magazine and the National Association of Home Builders.

Olson Homes Debuts Models at Covina’s Premiere New ‘Walkable’ Home Community ‘Citrus Walk’

June 17th, 2011

Citrus Walk's Rockin' Model Grand Opening Event June 25th

LEED Certified Townhomes and Flats Now Open for Tours; Grand Opening Event June 25

COVINA, CA. – June 16, 2011 – The Olson Company, the leading developer of in-town urban living, announces the debut of two model homes in its newest residential community, Citrus Walk. Located in the heart of downtown Covina and within walking distance to shops, restaurants, and MetroLink, Citrus Walk will offer affordable, LEED Certified homes that are innovatively designed to fit active, urban lifestyles.

Olson Homes will host its “Rockin’ Grand Opening” event to offer potential residents the opportunity to tour the model homes and experience the Covina community on Saturday, June 25, from 11am to 3pm.

Up and coming local bands will entertain the crowd, including a featured performance by 7Lions, the popular fusion hip-hop, alternative rock, and electronica band. Taco Bell, as well as local eateries Red Devil Pizza, 3 Vino’s, Chad Max, Claro’s Italian Market, Sweet and Savory Café & Bakery, and Casa Moreno will all provide food for the crowd, and there will be exciting carnival games for guests to enjoy.

Citrus Walk is Olson Homes fifth new urban living residential development in the Covina area. The Citrus Walk community will offer 37 townhomes and 8,000 square feet of new retail space along downtown Covina’s Citrus Avenue, with 12 flats over the new retail storefronts. The townhomes, each with approximately 1,580 square feet and three stories, will have 2-3 bedrooms, 2 baths and 1-2 powder rooms, and 2-car garages.

The homes, built to exceed LEED green living standards, feature energy efficient amenities including Energy Star appliances; water efficient and lead-free faucets; highly water efficient toilets; auto shut-off motion sensors in all baths, space saving tank-less water heaters, and built-in recycle bins, among many other features.

“The Citrus Walk community represents the culmination of years of work with the City of Covina to create a new brand of ‘walkable’ community within Covina’s downtown, offering the best of an in-town lifestyle,” said Steve Olson, Chairman/CEO of The Olson Company. “Located close to shops, restaurants, and MetroLink’s new San Bernardino Express line, Citrus Walk embraces and caters to active lifestyles.”

The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to the homebuyer as top priority. With its notable homeowner satisfaction, The Olson Company has garnered prestigious Eliant Awards in six categories in 2010, including a number one ranking for the “Design Selection” experience, and second for delivering an incredible experience during the Purchase, Construction, and Customer Service phases, and ranked second for “Overall Quality” and “Sales from Referrals.” The Olson Company believes in “livability,” and implements a thoughtful and detail-oriented approach from concept through execution. As part of their unique approach to providing these communities, The Olson Company understands all that goes into buying a new home and provides tailored services to support the needs of homebuyers, such as financial education and continued support services.

The Citrus Walk sales center is located at 137 E. Italia Street, Covina, CA 91723. To learn more about Citrus Walk please visit CitrusWalk.com.

About The Olson Company

Established in 1988, The Olson Company and the Olson Homes brand are nationally recognized for creating unique in-town neighborhoods in urban communities throughout California. Headquartered in Seal Beach, California, The Olson Company has successfully partnered with governmental agencies and private landowners to create innovative housing solutions designed to fulfill the lifestyle needs of today’s buyer. The company works diligently with community and neighborhood groups to build a high level of awareness and broad-range community consensus around its neighborhoods. The Olson Company was awarded the prestigious “Builder of the Year” award by Professional Builder Magazine and the National Association of Home Builders.

Small-Town Feeling in Heritage Walk, Paramount’s Newest Neighborhood

June 2nd, 2011

Happy Heritage Walk Homebuyers Tommy Hsiao Yu Chi Yang

Contributed by: Christopher Callard, Paramount Journal

PARAMOUNT, CA. June 2, 2011—When the City of Paramount purchased and demolished a number of rundown and blighted properties across Orange Ave. from Zamboni School, it went looking for a partner to develop a quality neighborhood of single-family, detached homes on the cleared site.

It was very important to the City that the houses be constructed with the highest quality and best craftsmanship, but also be affordable enough to keep the dream of homeownership within reach of the community’s particular demographics.

Paramount found its ideal collaborator in Olson Homes, a local developer that has specialized in creating innovative and affordable in-town communities in established neighborhoods for over 20 years. The company – recipient of America’s “Builder of the Year” Award – is creating Heritage Walk, the first development of its size and scope in Paramount since the mid-1990s.

“Our company was founded specifically to assist cities in solving the critical shortage of affordable housing in urban areas,” said Scott Laurie, Olson Homes’ President and COO. “Working with the officials in Paramount has been extremely smooth and productive. Everybody has been on the same page from day one, wanting to improve the housing stock with a superior project. It’s very exciting, and Heritage Walk will be a jewel for that part of the city.”

The grand opening for the model home at was held May 14. Not only did hundreds of community members come out to take a tour and enjoy the festive Country Fair theme with food, games and other fun events, but four of the soon-to-be-built homes were sold on the spot.

“The City of Paramount has done a tremendous amount of work and planning over the years to highlight its finest qualities, qualities that are the
epitome of small-town America,” noted Vice President of Forward Planning Allison Kunz Olson. “Heritage Walk, with its 17 homes and tree-lined streets, echoes this feeling and will appeal to a variety of lifestyles and families seeking the right mix of extra space and privacy.”

The homes will be LEED Certified (Leadership in Energy and Environmental Design, an internationally-recognized “green” building certification system). With Spanish-styled architecture, they will offer 3 bedrooms, 2.5 baths, attached 2-car garages, private rear yards and 1,302 square feet of living space.

“Olson Homes’ uniquely designed communities have been a bright spot in the housing market over the last few years,” said Joe Perez, Community Development Director with the City. “The idea of helping cities revitalize themselves with creativity and thoughtful solutions, while making home ownership attainable for a wide number of people, has led to our projects being very successful. Heritage Walk in Paramount is a perfect realization of this goal.

“Everyone in the community is encouraged to visit the site,” Perez continued. “As we like to say, Heritage Walk is where life is ‘paramount.’
And everyone is welcome.”

Visit HeritageWalkParamount.com to see and learn more.

Heritage Walk Sales Center    498 West Avenue    Fullerton, CA 92832    714-441-1840
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