Sudberry Properties Announces Two Affordable Neighborhoods in Civita
Affordable Apartments for Seniors and for Families
To be Included in Civita’s First Mixed-Use Development
SAN DIEGO – Civita’s first mixed-use retail development, slated for ground-breaking this spring and opening in mid 2020, will include 103 affordable apartments for seniors and 203 affordable apartments for families. The project, located at the intersection of Civita Boulevard and Via Alta, will include 37,000 square feet of ground-floor retail and seven floors of apartment homes, according to Colton Sudberry, president of Sudberry Properties, master developer of Civita. These additional apartments will bring the total number of affordable units in Civita to 456.
Sudberry Properties will own and manage the retail portion of the project. Retail tenants have not been announced.
The affordable units are being developed by Chelsea Investment Corporation, a real estate company focused on the financing and development of affordable housing, which also developed and manages Civita’s first affordable community for seniors, Versa.
“We are delighted to team up with Chelsea Investment Corporation on this project,” said Sudberry. “They are an esteemed leader in affordable housing and have developed more than 9,000 affordable housing units at a cost of almost $2 billion. Given that affordable and workforce housing is one of the most pressing needs in San Diego, we’re honored to make Civita part of the solution,” he said.
Siena Apartments for seniors will include one- and two-bedroom floor plans and Stylus Apartments for families will include two- and three-bedroom floor plans.
Siena apartments are designed for seniors in the “extremely low income” range (30 percent of the area median income) with rents anticipated to start at $500 per month. Rents at Stylus apartments, which are designed for families with 50-60 percent of the area median income, are estimated to start at $965. Affordable housing rents are set by the state.
The apartments will include three beautiful courtyards landscaped with picnic and barbecue areas, fitness equipment and outdoor entertaining areas. Both Siena and Stylus will include a large clubroom with a fully equipped kitchen for events and gatherings.The development is convenient to a planned elementary school site and a block from Civita Park.
For more information regarding the affordable apartments, please contact Jodi Rothery with Chelsea Investment Corporation at info@chelseainvestco.com.
A groundbreaking ceremony is scheduled on-site for April 12.