November 18, 2002
New Senior-Housing Complex to Add 84 Units of Needed Affordable Housing
DPR Construction, Inc., a forward-thinking commercial building contractor and construction manager specializing in technically challenging projects, recently broke ground on Los Arcos Apartments, a new two-story, 64,000-sq.-ft. affordable senior-housing project. Developed by Los Arcos Limited Partnership and owned by Retirement Housing Foundation (RHF), the new affordable senior citizen community, located in the City of Poway at 12740 Gateway Park Road, will include 84 units with three different floor plans.
Financed with tax-exempt bonds placed with U.S. Bank as the lender and Lend Lease Real Estate Investments, Inc. as the tax credit investor, Los Arcos Apartments’ gap financing is being provided by the City of Poway Redevelopment Agency and San Diego County.
“We are excited to be part of this partnership of private and public entities that helps provide needed affordable senior housing in the community,” said Cari Williams of DPR. “We look forward to working with Los Arcos and RHF to successfully deliver a quality facility as quickly and safely possible.”
Strategically centered in a mature well-established neighborhood with a wide variety of services, Los Arcos Apartments will be an adobe-colored, two-story, Spanish architectural style community constructed around two nicely landscaped open-air courtyards. In addition to building the two-story, wood-framed structure, DPR will be building a retaining wall to separate the site from existing structures and will incorporate design features that would allow future flexibility for potential conversion to an assisted-living facility. When completed, the center will also include such amenities as community rooms for resident recreational activities, computer rooms, and laundry rooms.
In addition to DPR and RHF, the project team includes Intellisyn as the project manager, Irwin-Pancake Architects and Favreau Engineering. The project is scheduled for completion in November 2003.
About Retirement Housing Foundation:
Formed in 1961 by three visionaries—two California United Church of Christ clergymen and a layman—RHF is one of the nation's largest nonprofit sponsors and managers of affordable housing and services for seniors. RHF, home to more than 14,000 people in over 135 communities in 24 states, Puerto Rico and the Virgin Islands, currently owns and operates The Gateway, a market-rate senior community in Poway, Calif., which is under expansion to include assisted-living provisions. The mission of RHF is to provide a range of housing options and services for the elderly, low-income families, and persons with disabilities, according to their needs, in an environment reinforcing the quality of life as it relates to their physical, mental, and spiritual well-being. RHF is committed to serving its residents and their local communities.
About DPR Construction, Inc.:
A forward-thinking national commercial contactor and construction manager, DPR Construction, Inc., has been “building great things,” since it was founded in 1990 by Doug Woods, Peter Nosler and Ron Davidowski (a.k.a. the initials or D, P and R), including:
- Great project teams in San Diego and 16 offices across the nation.
- Great relationships with customers, such as Hewlett Packard, IDEC Pharmaceuticals, IKEA, Kaiser Permanente, Pfizer, Scripps Health and Sony Computer Entertainment America.
- Great results in 2001 with annual revenue of $1.8 billion and recognition for its collaborative approach, safety program, use of technology and green building practices, as well as its ability to meet customers’ smaller needs, including projects ranging from $1,000 to $5 million, through its Special Services Group and Special Labs Group.
Specializing in technically demanding and environmentally sound projects, DPR serves the healthcare, corporate, biotech/pharmaceutical, education, mission critical (data/telecom), broadcast, entertainment, semiconductor, and warehouse and distribution industries. The privately held, employee-owned company employs more than 2,200 professional staff and union crafts persons. DPR's office is located at 6333 Greenwich Drive, Suite 170, in San Diego, Calif., and can be reached by phone at (858) 597-7070 or on the Web at http://www.dprinc.com.