Carlsbad Firm Opens New Senior Apartments in Mission Valley

Chelsea Investment Corp. of Carlsbad has completed and opened Versa at Civita, a $27.7 million, 150-unit apartment complex featuring affordable apartments for seniors 55 and older in Mission Valley.

Developers said the complex, at 2365 Via Alta, is the first affordable-housing project to open at the larger mixed-use community known as Civita, which is master-planned by San Diego-based Sudberry Properties and has several housing communities now operating.

Officials said the new apartments were developed in cooperation with Pacific Southwest Community Development Corp. and the San Diego Housing Commission, which administers the city’s inclusionary housing fund.

The city program requires developers to dedicate 10 percent of homes to units that are affordable to households with incomes at or below 65 percent of the San Diego area’s median income.

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