ELDA Developments, a San Diego-based visionary developer redefining urban living, is announcing the completion of Columbia Studios in the Bankers Hill neighborhood of San Diego. Columbia Studios features nine creatively designed microunits distributed across three floors, exemplifying excellent space optimization. As California lawmakers push AB 1818, a bill requiring colleges to establish safe parking programs for housing-insecure students to sleep in their vehicles, developments like ELDA’s Columbia Studios are providing innovative housing solutions that could offer more sustainable answers to the crisis. Columbia Studios has three ADA-compliant studio units on the first level and three additional studios on each of the second and third levels.
“Microunit developments represent a practical and immediate solution to California's critical housing crisis," said Ahmed Eldahmy, CEO of ELDA Developments. "Our recently completed microunit project in Banker's Hill demonstrates their viability and market acceptance. With additional developments currently underway, we're actively contributing to alleviating San Diego's housing shortage.”
San Diego has implemented a city initiative offering up to 100% density bonuses for developments providing affordable microunits within Transit Priority Areas. For the density bonuses, developers must provide microunits (averaging 600 square feet or less) in mixed-income developments, senior housing and housing for transitional foster youth, veterans and those experiencing homelessness.
“We have practical experience creating these units that meet the 600-square-foot average and 800-square-foot maximum requirements,” said Eldahmy. “Microunits can be part of a comprehensive solution to the housing crisis impacting students and other vulnerable populations.”
ELDA Developments is a San Diego-based visionary developer redefining urban living and reshaping San Diego's urban fabric through visionary community creations. ELDA crafts luxury living spaces where innovative design meets enduring quality, delivering exceptional resident experiences and strong investor returns. Each ELDA project thoughtfully integrates work, leisure and home life—creating vibrant neighborhoods that foster genuine connections while enhancing San Diego's distinctive character. Learn more about ELDA Development at eldadevelopments.com.
