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Olson News

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 to see and learn more.