The Need and the Opportunity
San Diego faces an acute need for supportive housing. In 2025, about 372 homeless veterans and nearly 6,000 unhoused individuals were counted. Meanwhile, downtown office vacancy is now at record highs, with towers selling at distressed prices. Our initiative leverages this rare alignment of social need and market opening.
The Elysian Shores project is time lined to move quickly targeting a high-impact conversion while opportunity and urgency converge. We’re creating more than shelter: we’re providing a chance for genuine renewal for people and the city core.
By combining philanthropic leadership, CalAIM services, and tenant benefits, this project is set to achieve full 200-unit occupancy by 2028/2029, offering a proven path to sustainable, scalable impact.
