Built in a formerly blighted area, Parkview serves households with incomes between 30 and 60 percent of area median income
This affordable multifamily development is built on approximately four acres in a formerly blighted area designated by the city as a key element in its neighborhood improvement initiative. The developers assembled nine contiguous parcels occupied by dilapidated apartments, which were acquired and razed with funding provided by the city.
Nine three-story buildings include 6,490 square feet of street-level retail space and 1,460 square feet of office and community-room space. The residential component includes 84 apartments, 14 of which are designated for people with mental disabilities funded by California’s Mental Health Services Act. With monthly rents about 40 percent below market-rate rents for comparable units, Parkview serves households with incomes between 30 and 60 percent of area median income.
Parkview, San Marcos, Calif.
Entrant/Developer: C&C Development
Builder: C&C Construction Services
Architect: Foundation for Form
Photographer: Applied Photography
Size: 830 sf
Hard Cost (excluding land): $145.49/sf
Sales Price: $493 to $1,035/month
Completion: July 2014
No. of Units: 84
Density: 20 units/acre