Atlas West Group Transforms San Diego Housing with Innovative Urban Infill Developments
Slice of Real Estate Team
07/30/2024
Key Highlights:
- Atlas West Group (AWG): Leading multi-family builder in San Diego.
- 22 Projects: Various stages of development across the city.
- $90 Million Portfolio: 40% units designated as affordable.
- Innovative Approach: First to build deed-restricted units without public subsidy.
- ADU Bonus Program: Utilized for affordable housing solutions.
Source (Business Wire)
Quotes
“ “I’m really excited about what I’m seeing here, because what I see is opportunity. Opportunity for more folks to be able to live in our city at a price they can afford … This gives people hope, a real sense that change is coming, and that there is a future for them here in this city.” ”
Todd Gloria, Mayor at San Diego
Our Take:
Atlas West Group has rapidly ascended as a pivotal player in San Diego's housing market, leveraging urban infill strategies to address the city’s pressing need for affordable housing. Their innovative approach, including the use of the ADU Bonus Program and the development of deed-restricted units without public subsidies, sets a new standard for sustainable and inclusive urban development. By focusing on workforce housing and transforming underutilized lots, AWG not only meets the current demand but also revitalizes communities, offering a model for future developments in the region.
