Sudberry Properties Announces Two Affordable Housing Apartment Projects in Civita
San Diego Metro
March 1, 2018
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, Sudberry Properties, the developer, reported Wednesday. A groundbreaking ceremony is scheduled on-site for April 12.
The project, located at the intersection of Civita Boulevard and Via Alta in Mission Valley, 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.
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 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.