Completed in April 2024, The North Park Nest is a modern, transit-oriented apartment community featuring 39 units, strategically located just steps from the MTS Rapid Transit line on El Cajon Blvd. This innovative project includes 20 market-rate units and 19 affordable units, catering to a diverse range of residents. Situated in the vibrant and emerging neighborhood of North Park, The North Park Nest offers unparalleled convenience. Residents are within walking distance of a variety of restaurants, cafes, and local amenities, including Vons. The building's prime location also provides easy access to four major freeways, ensuring seamless connectivity throughout the San Diego area.
The North Park Nest sets a new standard for urban living with a suite of premium amenities including spacious living areas, modern conveniences, elegant lobby, and a roof top deck with games and entertainment.
The North Park Nest is the first of many workforce housing projects in our pipeline, designed to maximize density in areas with excellent public transit access. Our mission is to provide high-quality, affordable housing options for the local workforce, fostering vibrant, connected communities. Discover a new standard of living at The North Park Nest, where convenience, comfort, and community come together.
David Iwashita became the Lead Developer for the Lafayette Hotel in 2010 and successfully obtained $2.5 million of Redevelopment Agency funds as part of a $30 million recapitalization using both New Market Tax Credit and Historic Tax Credit allocations. The team successfully renovated the hotel and delivered the tax credits as promised in less than 160 days. The renovation included updating all hotel rooms and common areas as well as re- placement of major capital components, and increasing the build-out to accommodate a full service restaurant.
Principal of Naturally Affordable Housing, David Iwashita completed entitlements with Streetlights Residential after 3 separate acquisitions to secure the land for the 156-Unit Mixed Use Development. Currently in final stage of construction.
After purchasing from the O'Connor Family in 2016, David Iwashita lead the development team with this adaptive reuse of 30,000 SF for San Diego County Board of Education for their new Momentum Learning Program.
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