Fortunately, 2012 has been a very busy year for us, which is why there's been little time for blog updates. So we thought we'd let you know about four important things that happened at Modative in 2012:
1. Cullen Art District Homes Sold
Our three home, small lot subdivision project on Cullen Street sold very quickly at the following prices.
Home A (Front): $650,000
Home B (Middle): $650,000
Home C (Rear): $675,000
The Cullen Street project was initiated by our client during a very uncertain economic time so it's great to see this project's ultimate success.
2. Modern Homes Under Construction
We currently have four residential projects under construction:
A three-home small lot subdivision in Venice, CA. This project is currently wrapping up stucco, siding and interior finishes and should be complete by March 2013.
Home A along California Ave. Stucco and siding going in on 12.21.12.
Home C from the alley.
Construction of Phase I (8 homes) is underway on this 15-home small lot subdivision in the Echo Park neighborhood of Los Angeles. Artis is currently in framing and the first set of homes should be complete in the spring of 2013. Artis @ Echo Park was posted on Curbed Los Angeles earlier this week.
First floor framing on 12.21.12.
Phase I includes building the first eight homes.
A single family residence in Culver City, CA that overlooks a public park.
Three townhouse apartments. This is Phase II of III of the Fay Ave Art District Dwellings (a future small lot subdivision). Phase I, the Fay 2X Homes was complete in late 2011, featured in the Los Angeles Times in February 2012, and are still occupied by the original renters. Here's a bit more info on the design of the Fay 3X Homes. This phase is scheduled for completion in the summer of 2013. Also of note, Modative Build is the contractor on this project. And we will be building even more of our projects as we push into 2013.
Rendering of 3X homes (left) next to the existing 2X homes (right).
Framing started at Fay 3X Homes on 12.19.12
And this is what it looked like a day later on 12.20.12
3. New Projects in 2012
2012 brought a lot of great new projects into the office. Here are some highlights:
We signed up this project in the first week of 2012; a great sign for the year. Cardiff Cubes is a three-home small lot subdivison near downtown Culver City. This project is approved by planning and is currently in the permitting phase. Construction start expected in spring of 2013.
As mentioned above, this project is under construction.
Venice Boulevard Live/Work - Eight live/work apartments in Los Angeles. The likely future Modative and Modative Build world headquarters.
A four-home small lot subdivison in Los Angeles inspired by the nearby aviation and hangars of the Santa Monica Airport.
A single family spec home in Venice, CA. Scheduled to start construction in a few months.
A single family spec home in Venice, CA. Scheduled to start construction in spring or summer of 2013.
A single family residence in Mountain View, Ca (that's up North). Scheduled to start construction in 2013.
4. New People in 2012
The new projects enabled us to add three new staff to our existing team of four, bringing our total to seven. We were very happy to welcome Dena, Jesus & Jesse to our team this year.
We didn't even ask them to smile. They did it on their own because they love working here.
Happy Holidays. See you in 2013!