Xpera CM Announces Completion of Construction on $79.3 Million Atmosphere Development for Wakeland H
SAN DIEGO – Xpera CM, a San Diego-based construction management consulting firm, announced today that construction has been completed on Atmosphere, downtown San Diego’s newest high-rise of affordable homes, developed by Wakeland Housing and Development Corporation. The community’s first tenants have begun to move in.
With a total cost of $79.3 million and construction valued at $60 million, the project includes a 12-story residential building, with a rooftop terrace and three levels of underground parking in downtown’s Cortez Hill neighborhood. Atmosphere includes 154 units of affordable housing for families earning between 30 and 60 percent of the San Diego Area Median Income (AMI), plus 51 units of permanent supportive housing specifically for adults requiring additional support due to homelessness, mental disability or age.
Xpera CM began working with Wakeland on Atmosphere in May 2015, with project management services including pre-construction design management, budgeting and cost management, entitlement and permitting through the City of San Diego, and contractor and project team selection.
The project team included Xpera CM (construction manager), Suffolk Construction (general contractor), Joseph Wong Design Associates (architect) and Latitude 33 Planning & Engineering.
Atmosphere was funded through both 9 percent and 4 percent tax credits, bringing much needed housing to downtown San Diego’s low, very-low and extremely-low income households for up to 55 years.
Atmosphere is the latest affordable housing project that Xpera CM has completed for Wakeland. Others completed in 2016 include the new mixed-use Lofts on Landis community in Chula Vista and Home Front at Camp Anza, a new construction/historic rehabilitation project located at the former site of a WWII U.S. Army training camp in Riverside.
Wakeland will host a grand opening celebration for Atmosphere on Wednesday, May 31 from 11 a.m. to 1 p.m.
About Xpera CM
Xpera CM was formed in 2014 as an affiliated company to Xpera Group, California’s largest group of construction consulting experts. Xpera CM provides project management services to protect owners’ interests throughout the development and construction process, with a focus on pre-construction management support. More information about Xpera CM is available at www.XperaCM.com or by calling (858) 436-7770.
About Wakeland Housing and Development Corporation
Wakeland Housing and Development Corporation is a leader in the creation and operation of affordable housing in California, delivering high-quality residential developments that address the needs of the communities they serve. Since starting in 1998, the firm has created and preserved nearly 6,500 affordable homes at 40 properties throughout the state, each of which showcases Wakeland’s commitment to building and operating cost-efficient housing communities with superior on-site programs and services for residents. Visit the Wakeland website to learn more: www.wakelandhdc.com.