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The principals of Lee Homes are in their sixth decade as one of the premier real estate development companies in Southern California and together have over 150 years of combined experience. With “Over 50 Years of Innovative Building”, Lee Homes is a leader in Infill housing development in Southern California. Whether the developments are from the ground up or adaptive re-use, the Lee Homes team has an extensive track record. These developments include private and private/public ventures including redevelopment agencies and community development departments. Several cities, including the City of Los Angeles, City of Lynwood, City of San Pedro, City of Anaheim, City of Cerritos and City of Signal Hill, have chosen Lee Homes and its development team to develop residential redevelopment projects in their cities.
Presently, Lee Homes has completed development, construction and sales with a market valuation of $1.026 Billion at completion of the following: 191,850 Sq Ft of commercial; 1,748 for sale units priced from $300,000 to $1.4 million. These projects range from entry-level single family homes, for low and moderate income families, loft condominiums, luxury estates and mixed use condo/retail buildings. The company has developed over 4,500 homes, condominiums, lots and retail with values of over $2.042 Billion in the last 25 years as follows:
-1983 to 1992 – 918 units with values of $329M
-1993 to 2008 – 3,600 units with values of $1.713 Billion
Lee Homes provides development, planning/design, construction and sales & marketing management consulting services to our owner, developer and bank clients. This invaluable service makes a critical difference in the success of our client’s ventures because Lee Homes is part of the TEAM. This will remain an important part of the Lee Homes operation.
The current 2008 downturn in the housing market has created opportunities for Lee Homes to buy distressed real estate at a reduced cost basis. The company is working with several banks, developers, owners and others to purchase projects that can be restructured, built and sold at sales pricing that will be competitive in today’s market place.
Since 2003, Lee Homes has completed approx. 1,067 units including Bay City Lofts - 16 Live/Work lofts in Venice; Capri Court, Court Homes 2 and Matisse - 82 homes in three phases at the master planned community of Playa Vista in West Los Angeles, Flower Lofts - 91 Live/Work loft condominiums adjacent to the Staples Center in downtown Los Angeles; Greenwell Acres - 25 homes in Santa Barbara; Vista del Sol - 93 homes in East Los Angeles; Grand Lofts - 66 Live/Work lofts at 11th & Grand in Downtown L.A.; Sky Lofts - 132 Live/Work lofts at 8th & Grand in Downtown L.A.; Centre Street Lofts - 116 Live/Work units and 20,000 square feet of retail in San Pedro; Siena - 44 homes in Woodland Hills; Market Lofts - 267 Live/Work lofts with 56,000 square-feet of retail (including a Ralph’s Supermarket, Coldstone Creamery, Coffee Bean and Tea Leaf, etc.) at 9th & Flower in Downtown L.A.; Harbor Lofts - 129 Live/Work units and 14,000 square feet of retail in the City of Anaheim; and six custom homes in the Marina Del Rey/Venice area. In addition, Lee Homes has recently completed the Royal Laundry - a 74,000 square foot creative office campus in Pasadena, which is a reuse of three historic buildings, including a new parking structure.
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