Park Haven Plaza: January 2026

Novin Development Corp. (“Novin”) is building a 36-unit housing project near the intersection of Highway 1 and Park Avenue in the County of Santa Cruz (“County”), CA. Park Haven Plaza (“Park Haven”) is a modular new construction multi-family affordable facility that will provide supportive homes for veterans, transition-age youth, and families - financed by public and private resources.

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Construction began in 2022 and was anticipated to be completed by summer of 2025. As the project was nearing completion, Park Haven encountered multiple unexpected obstacles, including unforeseen weather, scheduling challenges, factory supplier failure, modular transport difficulties, switchgear supplier procurement delays, PG&E connection delays, and historical construction cost inflation. As a result, the project incurred a substantial budget gap compared to the 2020 project submittal estimates. This gap was comparable to other Central California/ Bay Area escalations in cost.​​

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During this pause, the Novin team is coordinating with lenders and the County to secure the Park Haven structure and sustain community safety.

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Roof installation and protective draping weatherproofed the structure and staff have been monitoring the site/building for debris, mildew, or other issues.

​                                                                                                                                            *Construction Resumes!*

 

After a pause due to these challenges, the team has resolved the gap and has officially resumed construction with the following schedule in place: 

 

• Construction Resuming: January 2026

• Updated Completion Estimate: October 2026

• Lease-Up Start: December 2026

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Questions and concerns can be addressed to info@novindevelopment.com. The team will continue to provide updates pertaining to the construction status of Park Haven here via the project website.