Project · San Diego, CA · Updated today
107 Ash Street affordable housing conversion
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Sourced from San Diego meeting, Sep 16, 2026. ZoneWire tracks 90 projects in San Diego, CA, updated within 24h of every meeting.
Where this stands
Adaptive reuse of 21-story vacant office building in Civic Center (vacant since 2020) into 100% affordable housing; 252 total units (249 affordable + 3 manager units), 30-80% AMI, average 60% affordability; includes retail, commercial, and childcare space; 65-year ground lease; eight financing sources including HUD and tax credit investors; San Diego Foundation helped close financing gap; contractor Swinerton; project a year ahead of schedule; city retains ownership, holds $45.6M note at 5% compounding, receives ground rent and 2% of gross consideration from qualifying capital events.
- Project
- 107 Ash Street affordable housing conversion
- Asset class
- Residential
- Developer
- 101 Ash Venture LP
- Location
- 107 Ash Street, San Diego
- Scale
- 21 story
- County
- San Diego, CA
- Jurisdiction
- San Diego
- Current status
- Approved
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107 Ash Street affordable housing conversion
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