SAN DIEGO, CA– Canter Companies and InDev: Invest + Develop announced that construction of their joint-venture project, the C2 Lofts, is now underway.
This urban infill development located in the Hillcrest neighborhood of San Diego will provide expansive views of San Diego’s unique and diverse landscape. Located on an overlooked site and working within the Mid-Cities PDO, the modern designed building’s form arose from an infill model that provides maximum efficiency of the project site to provide all the features of a single family home in a more affordable townhouse style.
This development was attractive to Canter Companies as a potentially profitable investment, and more importantly, it provides an opportunity to be a part of the urban infill movement that turns undeveloped lots into valuable pieces of real estate. Urban infill is becoming a more common practice of development in cities nationwide as it reduces sprawl and promotes a more vibrant city core. Canter Companies CEO, Andrew Canter, stressed his focus on urban infill projects, “The ability to play a part in changing a neighborhood is something our company takes very seriously. We strive to not just simply make a profit on our investments, but also to raise the bar of development in the area.” He continued, “We love the idea of being a part of a project like the C2 Lofts that we are able to offer not only our capital to, but also our unique perspective on design.” The C2 Lofts are estimated to be complete Spring 2013.
Each home in the two-unit development will be approximately 1,450 square-feet and include three balconies laid out over the second and third floors, two parking spaces, as well as private, outdoor fire pit/kitchenette areas. The interior of each unit will provide the home owner with a flexible living space, allowing the option to be configured as a two or three bedroom space, in addition to two and a half baths, media/office lofts, full modern kitchens, and laundry rooms. “Unconventional is the new conventional,” according to InDev’s two principals, Matt Mellos and Zac Stover. Throughout the beginning of the 20th century, most developments and product types reflect the needs of the people of their time. “We are coming into a new day and age where a home needs to function with today’s needs in mind,” according to Mellos and Stover, speaking to the architecture as the new convention itself. “The design of C2 Lofts represents our current time, with the façade and form looking to the future of the neighborhood it calls home.”
With similar outlooks on business, both Canter Companies and InDev have set themselves apart from the rest of the industry. “We are a very unique type of builder in that we shy away from the mass-produced, track home style condominiums or multifamily properties,” said InDev’s Mellos and Stover. “We believe each individual has a distinct personality and therefore we aspire to create a distinct style of design in each of our projects,” he continued.
Canter Companies and InDev are also bringing their development expertise together on another urban infill project in San Diego’s coveted Little Italy neighborhood. The lot will be developed into a multi-unit, luxury building comprised of 10 private entry homes and is projected to be complete Summer 2014. “As long as we continue to focus on ways to improve the community by creating homes with forward-thinking design and purpose, these developments will be successful,” Canter Companies’, Andrew Canter said. Further details including the identity of the building and project name of this Little Italy development will be revealed at a groundbreaking event later this year.
About Canter Companies
Canter Companies is a full-service, private investment firm based in San Diego, CA specializing in real estate ventures. Their vertically integrated structure includes development, lending, management, capital, and construction divisions as well as an established real estate brokerage. With affiliates in the Central Valley and Bay Area, Canter Companies has the ability to offer comprehensive services throughout California and can oversee the entire life cycle of a project through acquisition, funding, development, and sales. For more information please visit www.canterdevelop.wpengine.com or call (619) 546-0973.
InDev (invest + develop) is a private San Diego-based acquisition, development, and general contracting firm that draws its resources from the know-how of its founding members, along with a wide array of financial backers and industry leading professionals. Sought after by homebuyers and tenants alike and trusted by investors, InDev’s success is rooted in their InDev’s success is rooted in their commitment to design and build unique income-producing properties that deliver higher than average returns. Whether build-to-sell or build-to-hold, InDev identifies and cultivates compelling development opportunities in select markets that will serve both architecturally and finically as one. For more information, about InDev, please visit www.InDev-SD.net or call 619.654.0174
Media Contact: Jenna Balegno
Executive Brand Manager, Canter Companies