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Olson News

Olson Homes Set to Host Model Home Happy Hours August 24th and 25th

August 16th, 2011

Model Home Happy Hour

You work hard all week long and sometimes those weekends seem so far away. That’s why at select Olson Homes communities, we are hosting after work MODEL HOME HAPPY HOURS.

Save the dates!

Rio Walk in Montebello and Mosaic Walk in Garden Grove will host their Model Home Happy Hours on August 24th. Citrus Walk will be hosting its own event on August 25th. All Model Home Happy Hours are from 5pm to 7pm. After a glass of wine, that weekend feeling will seem that much closer.

We know that weekends are jam packed with endless chores and those annoying “to do” lists that keep us from having any time left over for fun. That’s why we are staying open late this summer and accommodating those of us who can take a break before heading home, slip into a nice glass of wine, and stroll all of Olson Homes beautiful model homes.

JOIN US: August 24th & 25th | TIME: 5p to 7p | MUST BE 21 or OVER | ID at Door
RIO WALK Model Home Happy Hour – LEARN MORE
CITRUS WALK Model Home Happy Hour – LEARN MORE
MOSAIC WALK Model Home Happy Hour – LEARN MORE

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August 10th, 2011

48 Hour Rate Sale | Selected Olson Homes

Mosaic Walk New Homes in Orange County

Made For Young Urbanites

August 9th, 2011

By Juliette Funes Staff Writer

COVINA — August 8, 2011 — A row of new townhomes near Citrus Avenue is setting the stage to create a vibrant community in the heart of Downtown Covina.

The Olson Company, a Seal Beach-based developer, is building its fifth community in Covina, a mixed-use development of 49 housing units called Citrus Walk. In the works are condominiums and two retail buildings that will be constructed on a 2.16-acre site on the 300 block of Citrus Avenue.

“It fits in line with us building in-town urban developments that are walkable, affordable and close to jobs and transit,” Olson Communities president Bill Holford said. Having already sold five homes, Holford said young professionals and first-time buyers who are looking for something new, fresh and innovative have been attracted to the affordable home prices, which start in the mid-$300,000s. “For the first-time buyer, rather than buying a resale home or foreclosure home, you have a new townhome with a 10-year warranty,” Holford said. “That is a real attraction in today’s market.”

A row of homes, including two 1,500- to 1,600-square-foot model homes, face Italia Street and are available for potential buyers. They display several furnished bedrooms, bathrooms, a kitchen, walk-in closets, open space living rooms and two-car garages.

The environmentally certified homes will come with appliances and finishes, and can be customized with different flooring and countertops, Holford said. “These homes, dollar for dollar, are very affordable based on the size, square footage and finish of the community,” he said.

To make room for the project, several businesses, a building used for a welding school and a single-family home had to be demolished earlier this year.

“Citrus Walk certainly brings an aesthetically pleasing, newly constructed residential community to the city, and I think it does a host of things as far as replacing old buildings with a brand new one, which is a good thing,” City Manager Daryl Parrish said.

Adding to the interest is the location. The complex is about a block away from the Covina Metrolink station, across the street from City Hall and will be adjacent to the new Heritage Plaza park.

The former Civic Center Park is being redeveloped into a beautified town square. Construction is expected to be complete by December, city officials said.

“There are a lot of houses and condos for sale throughout the San Gabriel Valley, but this is one of those that has those nice advantages in that it’s new, it’s close to downtown, entertainment and restaurants and is close to a transit hub,” Parrish said.

The first phase of construction will begin with the 37 three-story townhomes, followed by two, 8,000-square-foot retail buildings and 12 two-story flats that will be built on top.

The company’s construction schedule “is really predicated on the market and how we’re selling homes, and we do not, as a rule, build out communities ahead of the sales pace,” Holford said.

The project will be fully built out by next summer. “It’s a new wave of younger homeowners looking for a nice-sized living space without a lot of extra property that needs to be maintained,” Parrish said. “I think it’ll be a success and the units will sell without any problem, and that’s starting to reflect itself in the recent sales.”
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