California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


California  + San Diego  + Apartments  | 
SDSU Selects Developer for Mission Valley Affordable Community

SDSU Selects Developer for Mission Valley Affordable Community

San Diego State University has selected affordable housing developer Chelsea Investment Corporation to construct the first income-restricted multifamily community at the University’s Mission Valley Campus. The firm plans to build a 182-unit complex with units reserved for families making 30% to 60% AMI.

Located within walking distance of Snapdragon Stadium, the development will offer one-, two-, three- and four-bedroom units in a seven-story building that features a two-level parking garage. According to the San Diego Union-Tribune, amenities will include a community room, computer lab and a child care facility to be operated by Episcopal Community Services.

The contract with SDSU allows for Chelsea to build a second phase with 109 subsidized residential units if the first phase is successful. Chelsea president Cheri Hoffman said in a statement that the for-profit firm was honored to be selected and the project will be an asset to the community for years to come. The development is expected to break ground in 2025.

Get insight from CRE Leaders like Skanska Executive Vice President Clare De Briere. Attend Connect LA on May 3 at Hotel Indigo.


Inside The Story

Chelsea Investment CorpSDSU Mission Valley Development

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Development
New call-to-action