Residential
(click photo for project details)
Westwood Townhouses
WDG Ventures Inc, developed the The Westwood Condominiums project in 1996 as a 38-unit residential complex designed to appeal to a range of buyers from first-time homeowners, to
dual-income professionals and empty nesters looking for secure upper-market housing in an upscale San Francisco neighborhood.
Westwood consists of two-story townhouses and flats designed around a beautifully landscaped central courtyard. During the decade since it was built, the units have held their
market appeal due in part to such amenities as private individual gardens at the podium, and lofty ceilings at the upper levels.
At the request of several local public officials and neighborhood leaders, WDGV worked with the San Francisco Redevelopment Agency to explore taking over a commercial renovation
project that had nearly bankrupt a local developer. The plan, which WDGV developed, was to abandon the existing commercial structure in favor of a residential development on this site
and the adjacent parcel, which the Agency controlled. In this public private partnership, the SFRA granted an increased development density to offset the cost of acquiring and
demolishing the existing commercial building. The land disposition agreement granted the SFRA profit participation beyond a benchmark return to the development partnership.The
project was designed with significant community consultation and input, and remains a hallmark of successful residential development in the Western Addition area.
Cottage Row Lofts
In 2001, WDG Ventures developed Cottage Row Lofts, a condominium project which capitalized on the appeal of a unique housing type, and the attractiveness of one of San
Francisco's most desirable neighborhoods. Consisting of 19 for-sale loft homes, located on Sutter Street between Webster and Fillmore, this development targeted the
growing market for spacious, flexible and well located residences for the sophisticated urban homeowner.
Each Loft home includes private outdoor space in the form of terraces, roof decks, and/or rear yards. The below grade garage has 26 stalls, in order to accommodate one and in some cases
cars two per unit.
The project was completed in the September of 2001. Despite a difficult real estate market following the events of 9/11, all units were sold within eight months of completion. Comerica
Bank provided construction financing. Weyerhaeuser Realty Investors made a substantial equity investment, and the project sponsors provided additional private equity.