The development at 3311 Sausalito St. will include three-story townhomes ranging from 1,295 square feet with two bedrooms and 2 ½ baths, to 2,188 square feet with four bedrooms and 3 ½ baths. Prices start in the mid-$600,000 range.
Five of the townhomes, including two models, are completed; all of the units are expected to be built by the spring of 2021.
“The first phase of 11 homes is nearly completed and construction on another 11 homes is underway,” said Scott Laurie, president and CEO of the Seal Beach-based company. “The buildings are four-plex, five-plex and six-plex, and all of them are three stories.”
The ribbon-cutting will be held from 9:30 to 11 a.m.
Olson’s seventh development in the city
Oak Walk will be the seventh new home community built in the city by Olson, and it’s the only new home development for Los Alamitos in recent years. The company specializes in residential infill projects.
Olson says it strives to build developments in close proximity to employment centers, mass transit connections, schools and recreation areas. Oak Walk is near the 405, 605 and 22 freeways, making it convenient for commuters, the company said.
“Right now we have 10 communities in various stages of development in Southern California,” Laurie said. “They are all urban infill and all walkable. We try to stay affordable in the context of the areas where we’re building. We want to enhance neighborhoods.”
The Oak Walk site was originally owned by Cottonwood Church, which outgrew its facility and sold the 2 ½-acre property to move to a larger campus.
In creating Oak Walk, Olson committed itself to extensive environmental remediation.
“There was some cleanup required,” Laurie said. “Almost every site we develop today has some type of cleanup. There were different regulations and different uses in the past, but all of that has changed today. Some properties we develop might be converted from industrial or retail to residential.”
Historical data from the Santa Ana Regional Water Quality Control Board shows several companies operated at the site from the 1940s to the late-1980s, including Velsicol Chemical Co., which made pesticides and DDT.
From 1960 until the mid-1980s, California Batching Equipment operated at the site fabricating construction equipment.
“We’re excited about this project because it helped remediate a site that had some previous uses and impacted that environment, and it also brought some new housing to that part of our community,” said Les Johnson, Los Alamitos’ interim city manager. “It’s also within walking distance of our award-winning schools and core commercial area.”
The city created additional improvements to the area, including pedestrian and parking improvements along Coyote Creek, landscape and median improvements along Los Alamitos Boulevard to make for a more pedestrian-friendly environment, and upgraded office facilities along Katella Avenue.
A new hotel also was built on Los Alamitos Boulevard.