Phase 1 of $3B Mixed-Use Receives $41M State Funding – Robert Khodadadian
California’s Affordable Housing and Sustainable Communities (AHSC) program has granted $41.1 million to Phase 1 of Riverwalk San Diego, a $3-billion, 200-acre master-planned village in San Diego’s Mission Valley neighborhood. It will eventually contain 4,300 multifamily units, 110 acres of parkland, one million square feet of office and 150,000 square feet of retail on land currently used as a golf course, adjacent to a new trolley stop in Mission Valley.
A partnership between Hines and nonprofit developer Wakeland Housing and Development Corporation, it’s reportedly the only project in San Diego County to receive AHSC funds this year.
“This funding will truly transform lives by creating climate-friendly affordable homes with easy access to jobs, schools and transit,” said president and CEO Rebecca Louie. “This is Wakeland’s third AHSC award, so we have seen firsthand how powerful the combination of affordable housing with sustainable transit can be.”
Construction is expected to start on the affordable housing component of Phase 1 of Riverwalk San Diego in early 2025.
The post Phase 1 of $3B Mixed-Use Receives $41M State Funding appeared first on Connect CRE.
California’s Affordable Housing and Sustainable Communities (AHSC) program has granted $41.1 million to Phase 1 of Riverwalk San Diego, a $3-billion, 200-acre master-planned village in San Diego’s Mission Valley neighborhood. It will eventually contain 4,300 multifamily units, 110 acres of parkland, one million square feet of office and 150,000 square feet of retail on land currently used …
The post Phase 1 of $3B Mixed-Use Receives $41M State Funding appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate