Thu04242014

Business & Real Estate

The Terraces at Los Altos offering 16 below-market units in new plan

Photo Courtesy Of Abhow The new Terraces at Los Altos retirement community promises updated amenities, including a pool, library, fitness center and movie theater. This is an artist's illustration of the finished project.
Town Crier Report The Terraces at Los Altos (formerly Pilgrim Haven) will offer 16 of its new one-bedroom residential living apartments at below-market rates (BMR), the retirement community announced Aug. 10.

Plans for the facility include 81 residential-living units with underground parking, new common areas and new assisted-living residences, memory-support suites and skilled-nursing accommodations.

Also planned are expanded residences with open-floor plans, multiple dining venues, a fitness center, a pool, a library, a movie theater and wellness programs.

Molly Drake, director of sales and marketing for The Terraces at Los Altos, said she could not quote pricing on the BMR units, but that units would be based on Santa Clara County median income.

The first phase of construction, involving 16 “memory-care” units and 30 skilled-nursing units, is scheduled March 2012. New assisted-living residential units would follow in the construction timeline, likely at the end of 2013. Residents should be able to move into these new units by June 2015, Drake said.

Approximately 160 Los Altos residents have inquired about the new units, she said. Under a city mandate, residents must be given priority. Drake said there are already 11 deposits and five holds on the new units.

The Terraces’ owner and manager, the non-profit American Baptist Homes of the West (ABHOW) in Pleasanton, established Pilgrim Haven in 1949.

As part of the new construction and image, ABHOW officials changed the name Pilgrim Haven to The Terraces at Los Altos last October.

For more information, visit The Terraces at Los Altos Information Center at 2478 W. El Camino Real, Mountain View, visit www.TheTerracesatLosAltos.com or call (800) 236-5184.

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