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Michaels organization selected by California for major

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SAN DIEGO, May 16, 2022 (GLOBE NEWSWIRE) — The Michaels Organization, a national leader in residential real estate, has been selected by the California Department of General Services and the California Department of Housing and Community Development to transform two city blocks of downtown San Diego into sustainable, innovative and high-quality affordable and mixed-use housing.

Michaels was awarded the development project through a competitive bidding process, which was launched after Governor Gavin Newsom issued an executive order to use surplus state properties to boost development. housing development. Michaels’ plan for the site includes affordable and market-priced housing as well as office and retail space.

“We stand ready to work with our partners in the State of California and the City of San Diego to provide much needed housing to their citizens across a wide range of income levels,” said Vice President of Development at Michaels, Raoul Amescua. , who leads the development team with Vice President Cristhian Codorniu and Regional Vice President Kecia Boulware.

“Working to meet the state’s need for 2.5 million new homes by 2030 requires commitment, creativity and collaboration at all levels of government and community,” said Gustavo Velasquez, Director of the Department of Housing and Community. “As we seek to make the most of public lands, we must focus on affordable housing and climate solutions, and this project does just that.”

The two-block site is bordered by West Ash to the north, West A to the south, State Street to the west and Front Street to the east.

The Michaels Organization, which owns and operates properties in 37 states coast to coast, has been active in the California market for over a decade. Its communities include affordable, market-priced, purpose-built student housing. Michaels also owns and manages privatized PMQs on several military bases across the state.

Other development team members include The Plenary Group, Carrier Johnson+CULTURE Architects, Suffolk Construction, Kettler Leweck Engineering, Studio-MLA, MIG, Circulate San Diego and RBC Capital Markets.

About the Michaels Organization

The Michaels Organization is a national leader in residential real estate offering comprehensive development, property management, construction and investment services. Serving 175,000 residents in more than 440 communities nationwide, Michaels is committed to designing housing solutions that jump-start education, civic engagement and neighborhood prosperity, and to creating communities that Lift Lives.

Media Contact: Laura Zaner, [email protected]; 856-988-5983.

Related Images

Image 1: Rendering of proposed housing, retail and green spaces. Image is conceptual and subject to change.

Conceptual rendering of the proposed development

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  • Rendering of proposed housing, shops and green spaces. Image is conceptual and subject to change.