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  Development Projects

WDG Ventures, Inc.
109 Stevenson Street, 5th Floor
San Francisco, Ca 94105




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RESIDENTIAL PROJECT  


Westwood Condominiums
The Westwood Condominiums project is a 38-unit residential complex located in San Francisco’s Western Addition. A market-rate development, Westwood consists primarily of two-story townhouses and several flats designed to appeal to a range of buyers including first-time homeowners, dual-income professionals and empty nesters looking for secure upper-market housing in an increasingly upscale neighborhood.

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. The proposal included an increased development density to offset the cost of acquiring and demolishing the existing commercial building. The project was designed with significant community consultation and input. The land disposition agreement granted the SFRA profit participation beyond a benchmark return to the development partnership. This $10 million project was completed in 1991 with construction financing by Union Bank and equity from WDG Ventures, Ltd. Westwood’s economic success in a declining market was due primarily to the quality of its physical design and superior sales effort.








WDG Ventures, Inc.

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