Located on a former parking lot at the beginning of the East Village in San Diego, Celadon at 9th & Broadway is a primarily residential, mixed-use building with services and ground-floor retail to meet the needs of a multigenerational population. The building is credited with being the first development in San Diego to incorporate sustainable design with two separate partnerships/owners with separate development financing and operations allocations. By meeting this goal, Celadon at 9th & Broadway is able to provide affordable housing and healthy living standards all while making a reasonable return on investment. The completed project contains 4,000 sq. ft. of office space, 5,200 sq. ft. of retail space, 3,518 sq. ft. of open patio/courtyard space, and 250 multifamily units. The estimated total cost of the project is $74.3 million.
Celadon at 9th & Broadway offers affordable housing in an otherwise high price market. The building is split into two separate projects vertically subdivided between floor 7 and 8. Floors 1-7 is a 9% Low Income Tax Credit (LIHTC) which includes 129 units, and floors 8-17 is a 4% LIHTC development which includes 121 units. The first section has 88 units of supportive housing with the remaining 40 units targeted at 30% – 60% AMI levels. Units in the second section are targeted to 40%, 50% and 60% AMI levels. Of Celadon’s 250 units, 25 are reserved for youth aging out of foster care and adults under the Mental Health Services Act (MHSA) program. 63 apartments serve frail seniors under the Program of All-Inclusive Care for the Elderly (PACE). Supportive services for these particular residents are located on site.
Celadon at 9th & Broadway is a LEED Gold Certified development. Features such as an eco-roof garden with drought tolerant planting, sustainable landscaping and open spaces, and a rooftop solar hot water system were incorporated in the project design. 50% of the entire building’s hot water needs are served by the solar hot water system. The tallest solar photovoltaic system of its kind in the U.S. at 143 ft. tall, is part of the vertical façade on the south side of the building and generates power for the building’s common areas. The 125 solar panels are split between 85 black frames and 40 silver frames, allowing sunlight to pass through the silver frames and creating a modern solar aesthetic which also serves as a functional shaded area for residents.