Making an impact

Celadon is catalyzing healthy neighborhood growth, satisfying the goals of a cohesive urban community by offering housing to seniors, the adult workforce and at-risk youth transitioning from the foster care system to adulthood. Celadon made headlines in 2012 when it appeared that over $20 million of its funding was in jeopardy due to the demise of redevelopment. The state Department of Finance ultimately determined the obligation was enforceable, allowing BRIDGE to move forward and start construction.

The 17-story building is a mixed-finance development with a vertical subdivision--the first in California to obtain 9% and 4% tax credits in a single building. BRIDGE used this innovative structure as a creative way to close a gap; the approach has since been adopted by other development groups across the country.

A LEED Gold Certified property, Celadon features a 143-foot-tall solar photovoltaic system, built as a vertical façade on the south side of the building, which is the tallest electric solar system of its kind in the US.