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Project Seeks to Stem Tide Against Affordability

An affordable rental reuse project celebrated its re-opening last week and Candice Gonzalez of Palo Alto Housing discussed its impact in terms of affordable housing preservation and modernization in this EXCLUSIVE.

Colorado Park Apartments The seven-building 60-unit garden Colorado Park complex is located at 1141 Colorado Ave.

PALO ALTO, CA—Originally constructed in 1972, Colorado Park Apartments is an affordable residential rental community developed and redeveloped by Palo Alto Housing. The city of Palo Alto was also a partner in the original construction of the multifamily property. The seven-building, 60-unit garden walk-up complex is located at 1141 Colorado Ave.

Last year and in the first part of this year, Palo Alto Housing made extensive renovations to the complex through an update of the aesthetic style, while reducing its environmental impact through more efficient appliances and water-saving fixtures. In addition to the replacement of the building façade, various exterior improvements were made, including adding solar panels and native drought-resistant plants.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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