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Santa Cruz City

Cedar Street Apartments

Cedar Street Apartment Homes is a proposed affordable mixed use housing development located at 524 Cedar St. in Downtown Santa Cruz. The site is presently a city-leased parking lot bordered by Calvary Episcopal Church, restaurants and bars such 515 Kitchen & Cocktails, and a mix of residential units. The development, brought forth by Pacific Union Partners Inc., consists of 65 total rental units (one, two and three bedroom apartments). A total of 25% of the units will be designated for supportive housing, with a 200 square foot onsite facility to serve community members.

Development Type

Mixed-Use

Total # of Units

65

# of Affordable Units

100%

About Pacific Union Partners, Inc.

Novin Development Corp. currently owns and manages 170 apartment units and 76,500 square feet of commercial including 23,000 square feet of mixed- use retail from San Francisco to Santa Cruz. NDC is a long-term property owner with a 100% equity ownership stake in our current portfolio. This investment strategy has helped NDC create a strong balance sheet with very low leverage and strong cash-flow.