Link for project website:
www.831waterstreet.com
| Developer | Novin Development Corp. |
| Service Provider | Insight Housing |
| Property Management | FPI Management |
| Development Type | Five story, Type V-over-I new construction |
| Site Area | 0.91 Acres |
| Density | 154 units/acre |
| Development Profile |
Total of 140 units, including:
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| Amenities | Parking podium, commercial space, community room |
| Service Offered |
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| Resident Profile | Individuals earning 30%-120% AMI, including veterans, disabled, and transitional age youth individiuals |
| Funders |
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| Architect | Lowney Architecture |
| Contractor | JH Fitzmaurice Inc and Novin Construction Inc. |
831 Water Street is a 140-unit mixed-income multifamily development located at the corner of Water Street and Branciforte Avenue in midtown Santa Cruz. Situated on a 0.91-acre site, the project consists of a single five-story Type V-over-I building with 139 income-restricted units and one on site manager’s units. The unit mix includes 64 studios, 53 one bedrooms, 20 two-bedrooms (including 5 live/work units and 1 manager’s unit), and 3 three-bedrooms. The ground floor will feature an 800-square-foot retail space at the southeast corner and a total of 41 parking spaces. The project is supported by 64 Project-Based Vouchers from the Santa Cruz Housing Authority, including units designated for veterans (VASH), family unification program (FUP), and individuals with disabilities. Supportive services will be provided on site by Insight Housing, with services delivered from a dedicated office and community room. Located within 1.5 miles of downtown and adjacent to high-quality transit, the development promotes equitable, transit-oriented housing. Sustainable features include drought-tolerant landscaping, bioswales, natural shading, low-VOC materials, and high-efficiency appliances and fixtures.