New 172-Unit Apartment Project Opens in Los Altos to Address Housing Shortage
1 report, 1 independent
Updated Oct 8
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What happened
Prometheus Real Estate Group announced the opening of Harken, a new 172-unit apartment project in Los Altos. This property is the town's first new apartment development in decades and includes 29 below-market-rate affordable housing units. Don Peterson, Senior Vice President at Prometheus Real Estate Group, noted that the lack of construction in recent years has made it nearly impossible to find housing in Los Altos.
From prnewswire.com
Why it matters
The project is designed to help address California's ongoing housing shortage by increasing local supply. The introduction of new residential units, including affordable options, impacts the local real estate market.
From prnewswire.com
Who's involved
- Don PetersonSenior Vice President at Prometheus Real Estate Group, commenting on the local housing situation
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The entities involved
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Los Altos High School
high school in Los Altos, California
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