NMS Properties wins Best Affordable Housing Award for Olympic Studios Apartments

NMS Properties Wins “Best Affordable Housing Project of 2009” for Olympic Studio Apartments in Santa Monica, CA

MultiHousingNews.com has announced the winners of the prestigious 2009 Design Excellence Awards.

NMS Properties’ Olympic Studios Apartments was named as the best “Affordable Housing project of 2009”.

Olympic Studios and Lofts is an income-restricted Santa Monica apartment community that provides unique

studio loft apartments and studio flat apartments at reduced rents to those who fall within specific

income guidelines set by the City of Santa Monica, CA.


The studio apartments at Olympic Studios sets itself apart from other Santa Monica apartments and

affordable housing apartments because of its luxury details and finishes. In each apartment’s kitchen, there

are stainless steel appliances and granite countertops. All loft apartments feature soaring 18′ ceilings and

oversized windows that provide abundant natural sunlight.

“The 2009 Design Excellence Award winners illustrate the importance not only of exterior architecture, but

also of the design choices made by the development team when planning residences and common areas.”

says MultiHousingNews.com. “Good design doesn’t hinge on luxurious materials. However, value

engineering needs to be done thoughtfully and early in the game for effective results.”

The Olympic Studios project was developed and is managed by NMS Properties. The apartment buildigns

were designed by local Santa Monica architects Killefer Flammang and constructed by Frymer Development.

You can view all the other 2009 winners by downloading the PDF from MultiHousingNews.com. Click here

to download.