San Diego State University has selected Chelsea Investment Corporation to develop the first affordable housing project at SDSU Mission Valley. Chelsea will deliver 182 units in a first phase of multifamily housing to a population with incomes averaging 50 percent of the area median. The project will also include a state-of-the-art childcare center, and a culturally rich space complete with public art on the building facades.
Groundbreaking will be as early as 2025.
The project will consist of 1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom units, in an affordable community with landscaped courtyards and gathering spaces. Given the proximity of the Stadium Station trolley stop, the project will be designed around transit-oriented commuting to help minimize the need for driving and parking, and to include on-site bicycle storage.
Upon successful execution of the first phase, Chelsea would deliver a second phase of 109 units. Upon project completion of both phases, SDSU Mission Valley will deliver more than half of its committed 460 affordable housing units.
The 6,220 square foot childcare facility will support up to 70 preschool and Pre-K children. The childcare center will be operated by Episcopal Community Services , a local nonprofit organization.
Top photo: Rendering of Chelsea Investment Corporation’s first phase housing project at SDSU Mission Valley. (Photo courtesy of Joseph Wong Design Associates)
