San Diego Celebrates Grand Opening of Celadon at 9th & Broadway
250 Affordable Apartments in a Downtown High-Rise
SAN DIEGO, May 1, 2015 /PRNewswire/ -- SVA Architects, nonprofit BRIDGE Housing, and their partners will mark the grand opening of Celadon at 9th & Broadway today, with a ribbon-cutting ceremony at 11:45 am. The event takes place at 929 9th Avenue, San Diego.
The 17-story Celadon at 9th & Broadway includes 250 affordable apartments for a multigenerational population. Of the 250 units, 25 are reserved for youth aging out of foster care and adults under the Mental Health Services Act (MHSA) program, and 63 apartments will serve frail seniors under the Program of All-Inclusive Care for the Elderly (PACE). Monthly rents range from approximately $533 to $879. Residents have access to a great room, two laundry rooms and numerous outdoor spaces, including barbecues and a resident garden. The property also features a supportive services office and meeting room. Celadon was designed to achieve LEED Silver Certification.
"We are thrilled to bring this volume of affordability and resident services to downtown San Diego," said BRIDGE Housing President and CEO Cynthia A. Parker. "It required persistence, complex financing and incredibly committed partners, and we couldn't be more proud to deliver this one-of-a-kind property to the community."
"Celadon at 9th & Broadway satisfies the goals of a cohesive urban community," said Ernesto Vasquez, FAIA, NCARB, Partner & CEO of SVA Architects. "It offers much-needed, intergenerational, affordable housing, and easy access for residents to connect with the downtown community and its numerous amenities."
"BRIDGE Housing is one of the most highly respected affordable housing developers in California and the Pacific Northwest and we're proud to partner in bringing Celadon at 9th & Broadway to life," said Lisa Gutierrez, Vice President with U.S. Bank.
Financing for the $74.3-million property is being provided by US Bank, US Bank CDC, City of San Diego/Civic San Diego, California Department of Housing and Community Development, California Housing Finance Agency/County of San Diego BHS, and the San Diego Housing Commission. Celadon was designed by SVA Architects in collaboration with Studio E Architects, and the general contractor was Turner Construction Company.
For information about SVA Architects, visit www.sva-architects.com.
For information about BRIDGE Housing, visit www.bridgehousing.com.
Media Contacts:
Beth Binger
Press contact for SVA Architects
BCIpr
619.987.6658
[email protected]
Lyn Hikida
Press contact for BRIDGE Housing
lhikida@bridgehousing
SOURCE SVA Architects, Inc.
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