West Angeles Community Development Corp. and Related Cos. have broken ground on a 70-unit senior housing development in Los Angeles next to the under-construction Crenshaw/Slauson Station in Park Mesa Heights.
Santa Monica-based KFA Architects is designing The Curve at West Angeles Senior Apartments.
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The 52,777 SF senior housing project will be a five-story building with 40 low-income units, 29 very-low-income units and one market-rate manager's unit. The Art Deco-styled building will be reminiscent of the buildings that dotted Crenshaw Corridor in the 1930s and 1940s, KFA officials said.
The development underscores the need and demand for senior housing in Los Angeles, KFA Architecture partner John Arnold said in an email.
“The need for senior housing in the area is acute, as real estate values rise, gentrification takes hold, and housing is becoming less accessible to the people who already live in the neighborhoods and want to remain in their communities,” Arnold wrote.
With baby boomers retiring, California is considered one of the top five markets for senior housing investment, according to National Real Estate Investor. The publication points out that while demand will be great, the state faces a litany of challenges that include the high cost of land and labor.
Kidder Matthews, citing data from the U.S. Census Bureau, estimates that 75.5 million citizens will be aged 65 or older by 2030. In Los Angeles, the senior population is expected to double from 1.5 million to almost 3 million.
Arnold said more senior housing and multifamily projects need to be developed next to transit. He said The Curve senior housing project next to the new Crenshaw line will provide seniors an affordable and better quality of life.
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