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- Atlas West Group Transforms San Diego Housing with Innovative Urban Infill Developments
Atlas West Group Transforms San Diego Housing with Innovative Urban Infill Developments
Slice of Real Estate Team
July 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)
Notable 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.”
“We’re in for the long run. We’re building a small number of high-quality homes for people who need them. We’re not changing the world, but we like to think we’re doing our part to help create a better San Diego for all of us. We’re focused on urban infill, workforce housing, and transforming underutilized lots. We’re building affordable homes for the people who make up the fabric of San Diego — nurses, teachers, military personnel, first-responders, tradesmen, and others.”
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.