Wednesday, 20 November 2013

Green-Built Urban Infill Project Near Downtown San Diego Will Include 27 Row Homes That Get More Than 50 Percent of Their Electricity From Solar Energy

Green-Built Urban Infill Project Near Downtown Will Include 27 Row Homes That Get More Than 50 Percent of Their Electricity From Solar Energy
SAN DIEGO, CA--  Presidio Residential Capital has provided $8.2 million to build the first phase of the Golden Hill Row Home Project, an urban infill project consisting of 27 detached row homes with an expansive private park. Designed to exceed Cal Green Standards, the homes will include many environmentally friendly and healthy features, including solar power that will save homeowners hundreds of dollars a month in utility bills.

"This is the highest quality project approved by the Golden Hill community planning committee with unanimous consent," said Presidio Principal Don Faye. "We're proud to be the lender for such an exciting and unique community so close to downtown San Diego, where most of the for-sale housing is in higher density towers."

Designed by renowned H2A Architects, Golden Hill won the 2010 PCBC Golden Nugget Award for The Best on the Boards Multi-Family Projects among a field of more than 300 entries. The simple, elegant homes offer the amenities of detached, single-family housing with upgraded features such as spacious closets, large bedroom suites, expansive state-of-the-art kitchens and capacity for an extra in-law unit.

The homes will get more than 50 percent of their electricity from solar energy, and homeowners will have the option of purchasing additional photovoltaic panels that would allow them to go completely solar, saving them from $40 to $200 per month. In addition, on-demand water heaters, which use 30 percent less energy than conventional water heaters, will save homeowners approximately $100 per month.

"As people are becoming more aware of the 'ecological footprint' or their demand on the planet and seeing utility costs continue to rise year-to-year, owning a green, efficient home is a deciding factor for homebuyers," said Richard Montano, chief executive officer of Fit Properties, which is developing the project. "We are seeing that people want a tangible way of reducing their footprint and their costs. Golden Hill Row Homes will be an answer to these homebuyers."

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