After the 2008 housing crisis, McCarthy Companies was hired to provide preconstruction and value engineering services to transform the Soho Apartments into a more affordable design. Mainstreet Architects and Planners provided complete design services and worked closely with us to find a reasonable way to maintain the quality of a market-rate product at an affordable price. As a result, we successfully value engineered approximately $400,000 off the project, completing the construction of the building on schedule and within budget.
Owned by SOHO Associates, LP and managed by the Housing Authority of the City of San Buenaventura, the project offers Ventura’s workforce a preference when applying to live at SOHO. A central courtyard provides access to 7 two-bedroom and 5 three-bedroom units which sit over secured parking and a ground floor community space. In the townhome units, large windows provide sparkling natural light and hillside vistas above a vibrant neighborhood.
“We have found the staff at McCarthy Companies to be very cooperative, easy to work with and the finished work product has been excellent. Their constructability review and value engineering resulted in $400,000 in cost savings to the project.” – Loretta McCarthy, COO, HACSB
Architect: Mainstreet Architects + Planners