The Hill Apartments complete, adds 149 homes in Los Alamos County

Revere Capital’s completion of The Hill Apartments at 141 36th Street adds 149 market-rate homes to Los Alamos County, a meaningful but limited release valve in a housing market still strained by LANL hiring and a countywide target of 1,300 to 2,400 new units from 2024 through 2029. At roughly 6% to 11% of that goal, the project can help shave waitlists and widen options for incoming workers, but it will not reset the county’s affordability problem, especially with asking rents listed around $2,400 to $4,200 a month.

The new Class A complex includes one-, two- and three-bedroom apartments, plus amenities and leasing terms aimed at young professionals, summer interns and families who want newer housing close to town and the laboratory. Revere said the project was ready for residents after the firm assumed control in June 2025 and finished stabilizing a project that had been slowed by delays. “Projects like this require persistence, coordination, and a shared commitment to finding solutions,” said Jeff Ledyard, senior vice president of special assets at Revere Capital.

The Hill’s delivery came in stages. Los Alamos County said in November that certificates of occupancy had been issued for the clubhouse and three of the development’s eight apartment buildings, opening 24 apartments for lease at that point. By early April, the entire project was complete. County records also show the site was once home to the U.S. Department of Energy’s Los Alamos Site Office and was conveyed to the county for economic development, with the county providing infrastructure improvements to help make the project possible.

That matters in a town where LANL is estimated to add 800 to 1,000 employees a year and host about 2,000 summer interns annually, while many workers still commute from Santa Fe, Albuquerque and other nearby communities because local rentals are scarce. Flexible lease options at The Hill are clearly aimed at that churn, especially for interns and newly hired staff who need housing fast.

County officials have framed the project as part of a broader housing push. “Expanding housing options is a top priority for us, and The Hill Apartments represent meaningful progress toward that goal,” said Community Development Director Eli Isaacson. For Los Alamos, the new apartments are not a cure-all, but they are one of the largest single additions to the rental inventory in years.