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Newsworthy Developments
Wakeland is committed
to creating affordable housing projects that build a community, not just
a place to live. Here are some of the exciting events going on with
Wakeland properties.
Wakeland Acquires Del Sol Apartments
Wakeland has acquired Del Sol Apartments, a 90-unit complex in San Ysidro.
A comprehensive rehabilitation will get underway in Fall 2006 with completion
slated for late 2007. The rehab will encompass substantial landscaping
improvements, major upgrades within the units and development of a new
community center. The acquisition is being financed by Washington Mutual
and Low Income Investment Fund (LIIF). Wakeland will apply for tax credits,
tax exempt bonds, Multi-family Housing Program funds and a loan through
the San Diego Housing Commission. (February, 2006)
Grand Opening for Bristol Apartments in Dixon
Grand opening festivities were
held for the city of Dixon’s first new apartment community in 10
years. Bristol Apartments is part of the master-planned
community of Valley Glen located between San Francisco and Sacramento.
Wakeland executives were joined at the event by several Dixon community
leaders, including Mayor Mary Ann Courville and City Manager Warren Salmons.
There will be 102 units at Bristol – 26 one-bedrooms, 44 two-bedrooms
and 32 three-bedrooms. All units will be rented to families earning 60%
or less area median income. Completion is expected this spring. Bristol
is a limited partnership between Wakeland and Fairfield Residential. (December,
2005)
Community
Leaders, Wakeland Celebrate Muirlands Grand Opening
San Ramon community leaders and Wakeland executives celebrated the
grand opening of Muirlands, a 350-unit new
apartment project within the Windemere master-planned community. Dignitaries
participating in the ceremonies included Jim Kennedy, deputy director
of the Contra Costa County community development Department, and Brooke
Littman, City of San Ramon housing programs manager.
Muirlands is a limited partnership in which Wakeland is the managing general
partner and Fairfield Residential the co-general partner. The new one-,
two and three-bedroom apartment units are being rented to families earning
60% or less area median income. Resident services, to begin upon completion
of the project, will include after-school programs and adult job-skills
training. (November, 2005)
In
Other News...
Beyer
Courtyard and Lillian Place Underway
Construction is underway on two
new Wakeland projects -- Beyer Courtyard Apartments
and Lillian Place. Beyer Courtyard
in San Ysidro is a 60-unit complex comprised of 30 two-bedroom units
and 30 three-bedrooms. Lillian Place in downtown San Diego is a 74-unit
development offering one-, two- and three-bedroom units designed for
families with children. (January, 2005)
Wakeland to Swell Dixon's Affordable Housing Portfolio
The affordable housing inventory
in Dixon, California will swell by 102 units when Wakeland and Fairfield
Residential break ground on the new Bristol Apartments, a new master-planned
community consisting of 26 one-bedroom, 44 two-bedroom and 32 three-bedroom
units. (September, 2004)
Wakeland to Begin New Rehab Project
Wakeland closed escrow on a rehabilitation
project -- Baycliff Apartments in Richmond, California. The rehabilitation
will entail upgrading 342 one- and two-bedroom units. (September, 2004)
Wakeland
to Swell Dixon's Affordable Housing Portfolio
The affordable housing inventory
in Dixon, California
will soon swell by 102 units when Wakeland and Fairfield Residential
break ground on the new Bristol Apartments.
The project, part of a new master-planned community, will consist
of 26 one-bedroom, 44 two-bedroom and 32 three-bedroom units.
Construction is expected to begin in October, 2004 and finished
in December, 2005. Award-winning
Rodriguez + Simon Design Associates are the architects for the project.
(September, 2004)
Wakeland
to Begin New Rehab Project
Wakeland recently closed escrow
on a rehabilitation project -- Baycliff Apartments
in Richmond , California.
The rehabilitation, scheduled to begin in Fall 2004, will entail
upgrading 342 one- and two-bedroom units. Baycliff's extensive improvements
will include new appliances and fixtures in the interior, painting throughout
and upgrades if necessary to plumbing, electrical and HVAC systems.
On the exterior, improvements will include new paint, repairs
to balcony decks and roof systems, gutter replacement or repair and
lighting. Wakeland's partner
in the project is Fairfield Residential.
(September, 2004)
Programs
for All Generations Welcomed at Poway Mobilehome Parks
Recreation
and education programs are being welcomed with open arms by three generations
of residents at two Poway mobilehome parks managed by Wakeland. (Dec.,
2004)
Lillian
Place Receives $5.5 Million from City of San Diego
Wakeland's proposed 74-unit Lillian Place affordable
housing project in San Diego's East Village was awarded $5,450,000 in
gap funding by the San Diego Redevelopment Agency Board, comprised of
the members of the City Council. (Dec., 2003)
High
Tech Comes to Vista Terrace Hills
Thanks
to a grant from the California Consumer Protection Foundation, multi-media
equipment was purchased for the community room at Vista Terrace Hills
Apartments in San Ysidro. (Dec., 2002)
New
Literacy Center Launched at Canyon Rim
Residents
Canyon Rim Apartments, a 504-unit affordable housing project located in
the Penasquitos area of San Diego, were presented with a new literacy
center. The center offers
higher levels of reading to youths and adults to move to accelerate academic
achievement and job development.
(July, 2002)
Vista
Terrace Hills Grand Opening
Supporters
of affordable housing and residents celebrated the $7.4 million renovation
of 260 apartments in South San Diego County. (Sept.,
2001)
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