4233 Kansas St. San Diego, CA. 92120
39 unit micro unit development located in North Park. This project consists of 35 market rate units and 4 affordable and is located just off El Cajon Blvd.
Permits are anticipated to be delivered in August of 2020.
40th & El Cajon Blvd. San Diego, CA. 92105
This former redevelopment site owned by the City of San Diego is located next to the I15 freeway as well as where the north/south and east/west bus rapid transit lines cross. This project has been called the "mother of all transit oriented developments" by local community groups.
Currently in the design phase.
322 S. Escondido Blvd. Escondido, 92025
Currently being entitled for 172 units with 7000sf of commercial.
Principal of Naturally Affordable Housing, 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. Iwashita Development continues to asset manage the Lafayette.
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.
Principal of Naturally Affordable Housing, David Iwashita was a lead developer, successfully purchasing and linined up all tax credit sources and approvals for a $30 million New Market Tax Credit allocation, and National Park Service’s approval for a Historic Tax Credit Renovation. It has been converted into a 172-key Hilton Garden Inn.Building had been abandoned for over 5 years, and tied up in bankruptcy.
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.