As ED1 projects go, this is a respectable build project and we’re pleased to see this number of new affordable units coming to market in Westchester.  

The Location

The Reading-Ramsgate neighborhood is very attractive to for-profit developers seeking to enter the ED1 game. There are multiple ED1 projects in the Planning pipeline for the area, which has long served as one of our community’s historically multi-family areas.

The Developer

This project’s developer is Tommy Beadel (founder of Thomas James Homes). He has a track record of mastering new market opportunities.

It’s clear from ED1 Planning applications filed by Tommy Beadel he and his team are working a formula. They understand ED1 Planning application requirements, and they’re getting projects approved all over Los Angeles with relatively quick turn-around.

Tommy Beadel buildings don’t deliver show-stopping architecture or amenities—but this is to be expected,  constrained as they are to hit financial performance targets in a 100%-affordable build. (In our observation, for-profit affordable developers typically don’t provide the same level of design or on-site amenities provided by non-profit 100%-affordable developers.)